"People (in the government) bowed to the bullying of the Europeans ...," President Olafur Ragnar Grimsson told RUV public radio. He said the British and Dutch demand that the government guarantee the debt had been "absurd."
"So, what is happening now is proving that if the issue had been handled sensibly here from the beginning, it would have been totally unnecessary to put the people of Iceland and our cooperation with Europe into this straightjacket," he said.
"The EU should investigate and face up to how in the world it was possible that EU member states agreed to support this absurd claim against Iceland," he said.
This is the sham of the forced bailout where loans are piled on loans to pay off bankers who stuck their profiteer noses into solvent countries' affairs with easy credit. The money has been devalued and the countries have overpaid; the coup families are demanding payment. In order to do this they issue more loans they force the countries to accept as in Greece, Iceland and Italy, and demand "austerity" measures to crush the countries further in the depression they engineered at Bilderberg and other meetings.
This is about enslaving countries. It's all a fiction, because if each country walks away, what are the insolent dogs going to do ? Field armies to force payment ?
This is like moral people trying to negotiate with a devil.
Iceland's president accused European countries on Sunday of having bullied it into agreeing to guarantee repayment of the debts of a failed bank, reviving a dispute with Britain and the Netherlands whose citizens are owed billions.
When Iceland's banking sector collapsed in the 2008 global financial crisis, accounts were frozen at the bank Landsbanki, which had accepted deposits from British and Dutch savers through online funds called Icesave.
Iceland says the estate of the failed bank will be enough to repay about $5 billion of debt to the British and the Dutch. The two countries had wanted the government in Reykjavik to give a state guarantee to the repayment.
In a referendum earlier this year, Icelanders rejected for a second time giving a guarantee...
The British and Dutch, with the support of other EU nations, had also persuaded the International Monetary Fund to pressure Iceland, Grimsson said, adding that former IMF managing director Dominique Strauss-Kahn told him in January 2010 he was unhappy that the Fund was being used as a "fist" against Iceland.
DSK was obviously no bastion of morality, but these and other outbursts led to his disposal. The coup against Rome in place since 476 does not accept independent operators who grow out of their puppet clothes.
SPQR
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