Iceland going bust? (Angus?)

[Angus]

Actually it doesn't belong to me, lost it already, but I still run it, - a bit complicated.
Anyway, while I have no sympathy with those whitecollars who screwed up (saw it coming, they didn't), the situation is bad. Well, it seems to be bad in many more places, but our system and currency is small, so we move faster.
This will touch most of the middle and upper ones econamically,  - we who are already poor and are used to it shrug our shoulders and carry on...maybe like this
http://www.youtube.com/watch?v=Jag7oTemldY
hehe.

[RATTFINK]

At the video

LMFAO x10000000000!!!!!!!!!!!!!!!!!!!!!!!!

[Angus]

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.

Thank you for this Nilsen, I am going to forward this to an MP today.
Btw, our government should IMHO be fired. The opposition has been warning them since last winter, and now they're doing mostly what the opposition proposed. Oddly enough, the lefty party has been stating this for 4 years, and sarcastically the Russkies offer the aid.

[Nilsen]

Actually it doesn't belong to me, lost it already, but I still run it, - a bit complicated.

I think i told you not to bet the farm on armwrestling that old lady at the pub

[Angus]

Naa, it was actually a co-op execution by the bank and my relatives, but "my" part was bought by friendlies and now everybody is joustling through lawyers while I milk my cow.
The crazy policy the banks had actually hurt me, - I ran a business with a low return, but a real one, and they went all for the high numbers. Doesn't work forever leaving production in depression while lending endlessly on imports & consumption for a temporary profit. So in short, they were all for lending for new cars etc (low dollar at the time), new buildings and so on, while production was paying.
With the krona at a completely fake height we managed to import twice the value of export (or so),  - that cannot go on for long.
And the news from abroad are shocking, - never new that their gamble was that big.
So, now the govt is running the show, and I am buing a russian dictionary to read while I milk my cows
Are you a banker Nilsen?

[Angus]

Maybe the Russkies will take over.   

Angus, That sux.

I love Iceland, but I cannot stand Björk.

Hehe, I went to school with her. Don't like her music, but she was a delightful girl and much prettier than you see on tv.
Small country....
Have you been here?
And Nilsen, would you happen to have something quotable about that Norwegian deal?

[RATTFINK]

Went to school with her?  Was she one of those odd kids in theater?  I needed a headache medicine when she sang at the Olympics.

I stopped at the Keflavik Int.  I wasn’t able to leave the airport.

[Nilsen]

Hehe, I went to school with her. Don't like her music, but she was a delightful girl and much prettier than you see on tv.
Small country....
Have you been here?
And Nilsen, would you happen to have something quotable about that Norwegian deal?

Im not a banker, but i have alot of savings IN the bank collecting a nice interest these days. Im getting between 6,8 and 9,2%

If you read norwegian you can atleast have a look at this one: http://www.fvn.no/nyheter/utenriks/article617486.ece
The part where your PM said Scandinavia had not let you down is in some other paper. Think it was Nettavisen.no but there are just so many storys about the current issue in all the major papers i read so finding that quote could take a few hours.

Direct quote from the site "I mai
– Allerede i mai snakket vi om den krevende situasjonen på Island. I etterkant av dette ble den islandske og norske sentralbanken enige om at Norges Bank skulle stille en låneadgang på 500 millioner euro (i overkant av 4 milliarder kroner), sier Stoltenberg til aftenposten.no.

– Dette er en adgang til å låne penger, framforhandlet av sentralbankene, men støttet av regjeringene. Så langt er den ikke benyttet, og Haarde ga ikke uttrykk for at det er mer aktuelt å bruke pengene nå, sier Stoltenberg.

Statsminister Haarde mener imidlertid det gir Island en trygghet i låneadgangen, selv om den ikke benyttes. De to statsministrene har samarbeidet i en årrekke, og Stoltenberg framhevet den store norske interessen for islandsk økonomi da han snakket med Haarde tirsdag kveld."

[Angus]

Odd, yes, but very nice, and rather quiet!
We are the same age, our fathers were both electricians, and good friends. Her dad was one of the pallbearers in my dad's funeral  
Sad you didn't get any further than Keflavik, - the real stuff starts after an hours drive
Next time! The Krona is low, so we're turning into a cheap tourist country. I will be selling donkey rides near the airfield  

[Angus]

Oh, ty Nilsen.
I did try and contact my friend the MP, I have not seen this in the media here, but it may have slipped me.
BTW, our PM (whick I'd like to sack) is half Norse.
But aren't we all....

[Sparks]

Angus,

I am still "in country" drop me a line and I'll bring the beer .  You have my Ice simmi number ??

My brother has some in IceSave so we'll see how that pans out.

Sparks

[Nilsen]

Oh, ty Nilsen.
I did try and contact my friend the MP, I have not seen this in the media here, but it may have slipped me.
BTW, our PM (whick I'd like to sack) is half Norse.
But aren't we all....

Yeah. Same people only different language really

What do you think about Iceland going over to using the Euro after this? May not be such a bad idea and make the currency abit more robust vs the krone. Ive even sometimes wondered if we should go that way even if it sorta sucks to give up the traditions of the krone.

[Angus]

They actually finally "tied" the Krona, but the rope is not holding that well. It did do some though.
The problem with the Euro is that you'd have to join the EU as well as fulfilling some code of stability etc. So, there is no jumping of the boat in the rough sea, so to speak.
Maybe I'm crazy, but I have 2 theories:
1. After waiting this off (with success?), speak with the Brits, try to hook up on the sterling.
2. For banks in profit, a ballast in Gold+Silver should be a mandatory up to a certain%

Our banks were making "air" profit and went over the top, silly fools.

We do have some 3 things in our benefit today now, so maybe things aren't all that bad, since things seem to be going down the drain everywhere.
1: The Russkies. (And military accommodation has been aired  )
2: The smallness of the economical system. It's unstable, but moves fast.
3: We still have lots of fish, While the EU has dried up the North sea (cod), we have lots and lots. With a historically low currency, any increase in export is big.

[RATTFINK]

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.

[Angus]

Well, the Euro isn't quite that bad. Hasn't it rather done better than expected?
Now the Brits have the biggest independent currency of a EU nation. The Swiss are not in the EU I think....