Iceland going bust? (Angus?)

[Nilsen]

I think the European countries lost their identity when most switched to the Euro. 

I was in Germany in August and used the new currency (new to me).  I miss the mark.  Swiss still uses the Franc and I am happy they grew some and stuck with the currency.

My aunt and her family lives in Italy and they hated the change for the first year. All prices on everything got rounded up, but as income also got rounded up the dust from that settled. Now they really like the Euro with all the benefits it has for trade and travel. A large currency like that also soaks up bumps abit easyer and prevents rapid inflation in a country when there is a crisis. They (and they live there) dont feel that they have lost any identity at all just because their currency looks different. IF we start selling our oil, gas and refined products in euros (they are debating that) and not dollar then I too would like Norway to jump on the Euro.

[68Wooley]

Swiss still uses the Franc and I am happy they grew some and stuck with the currency.

The reason the Swiss still use the Franc is that they - like Norway - are not a member of the European Union. Nothing to do with 'growing some'. Denmark, Sweden and the UK were the only European Union members not to join at the time of its introduction and are still resolutely using their own currencies. Many of the countries that have become members since then are also still using their own currencies - in many cases because they have not yet met the financial conditions for joining.

[Angus]

Nilsen, AFAIK you don't jump on the Euro without joining the EU. And it will not happen in a day.

[Furball]

Not correct. We and i think some of the other scandinavian countries have offered help too.

The norwegian central bank offered a loan of 500 million euros back in may and the offer still stands. Its your government that has not wanted to take advantage of that yet. On tuesday Our PM spoke with yours but he again did not want to take that option yet. Your pm also said that he was not happy with the international community but that did not include scandinavia and russia.

Please can i have the 500m instead?

[Angus]

nonono...my turn. The banks have been stripping me since the 80's, so it's my turn now, but I will invite you to a party where we eat horsemeat and sing.
The odd side is that I had a "death" sentence on the business from one bank manager and boss by another for the duration of about 20 years, and I'm still plodding on while the white-collar guys have been sacked one after the other, or their firms going bankrupt 
I recall saying to a couple of "bosses" that declined my busines proposal that "Well, I'll be doing my job when you don't have yours", and it did indeed come true.
Now I am almost chuckling over the fate of the "hotrods"

[Bruv119]

Maybe Iceland joining the united Kingdom could work.   

You Fish that cod for all of our Chip shops and we can let you come see the queen once a year for a free holiday.   


Bruv for PM!    Furball can be my foreign secretary.

[Nilsen]

nonono...my turn. The banks have been stripping me since the 80's, so it's my turn now, but I will invite you to a party where we eat horsemeat and sing.
The odd side is that I had a "death" sentence on the business from one bank manager and boss by another for the duration of about 20 years, and I'm still plodding on while the white-collar guys have been sacked one after the other, or their firms going bankrupt 
I recall saying to a couple of "bosses" that declined my busines proposal that "Well, I'll be doing my job when you don't have yours", and it did indeed come true.
Now I am almost chuckling over the fate of the "hotrods"

Hunt them down and offer them a job. Im sure you could use dirt cheap labour, and seeing a polished guy in a suit knee deep in pig poo is priceless 

[klingan]

but I will invite you to a party where we eat horsemeat and sing.

Mmmmm horsemeat *drool*   

[Furball]

nonono...my turn. The banks have been stripping me since the 80's, so it's my turn now, but I will invite you to a party where we eat horsemeat and sing.

Will the German farm girls working for you be there?  We will need someone to serve the beer in low cut tops, and i don't think Bruv and Nilsen will quite fit the role.

[thrila]

I have moobs does that count?

[Wobbly]

I read that UK Local Government has £100 million+ on deposit with Icelandic banks, wonder if they will see that again  

[Angus]

News.
Our biggest bank has been nationalized and they're sacking 33% of the staff.
Maybe I can get highly educated bankers to shovel the dung and serve the (home brewed) beverages with the salted horsemeat with food as pay 
I'll make sure to use the nine-tail cat if they're slow 

The British crisis seems to be less than thought (THAT bank) since there were quite some assets in the pool, and it remains to be seen to how much selling price they go. Careful selling is better, as well as selling under better conditions than depression.

fediddleing bankers 

[Die Hard]

What a mess.

[Wobbly]

The British crisis seems to be less than thought

Estimates now that UK local authorities have £1 BILLION deposits with Icelandic Banks.

Link

Thats scarey.

[thrila]

Yeah that's quite serious, my council has £13 million tied up with Icelandic banks and plymouth city coucil is poor enough as it is.

Glad i'm not one of those who has personal savings tied up with them, i heard on the tv that there is an estimated £4 billion of UK personal savings tied up in icelandic banks.