The government introduced an agreement with the bank’s resolution committee at a press conference today which was held in the National Theatre in the capital city of Reykjavik. Bank obligees will discuss the new agreement but hopes are rather high that they will accept this agreement.
Foreign obligees would accept to own a big portion of Islandsbanki and Kaupthing banks, however the government of Iceland will still run Landsbanki. The Old Landsbanki, as called in Icelandic Gamli Landsbankinn, is however owned by the British and Dutch governments.
If the banks are owned by foreign companies, this also means that the banks can again participate directly in the international financial market, rather than being government owned. The government stated today at the press conference that this is a big step in fixing and moving forward for Iceland’s economy.
Although it is in Icelandic, it is possible to see here the proposed agreement.
(Photo/Steingrimur Sigfusson taken by Omar from mbl.is)
To the Honorable Nation of Iceland,
Please do not accept the IMF money. The IMF, composed of powerful international bankers, only wants to enslave you and add you to their list of global acquisitions. Dark days are ahead for the world and it is all because of International bankers and international corporations and the political and legal framework and godless religion of international capitalism that they have carefully orchestrated and protected over the last 150 years. Just wait for the next world war. Like the last two conflicts, the dark lords of capitalism will play both sides against each other, sit back and laugh while hundreds of millions die, and they consolidate more wealth on this dieing planet. Yes. Isolationism is protectionism. Protect yourselves!!
Steve gallagher, UCSC Graduate, International Politics
Will this do anything to help the KSFIOM depositors get something back under the parental guarantee that was supposed to guarantee all their money?