...The Head of State, Olafur Ragnar Grimsson, refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, ...and accepted calls for a referendum. ...Of course the international community only increased the pressure on Iceland. ...Great Britain and Holland threatened dire reprisals that would isolate the country. ...As Icelanders went to vote, foreign bankers threatened to block any aid from the IMF. ...The British government threatened to freeze Icelander savings and checking accounts. ...As Grimsson said: “We were told that if we refused the international community’s conditions, we would become the Cuba of the North. ...But if we had accepted, we would have become the Haiti of the North.” ...(How many times have I written that when Cubans see the dire state of their neighbor, Haiti, they count themselves lucky.) ...In the March 2010 referendum, 93% voted against repayment of the debt.
Posted on: Sun, 11 Jan 2015 14:39:11 +0000
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