Posts Tagged ‘People Of Iceland’
Tuesday, January 5th, 2010
In the light of all the aforesaid, I have decided, according to Article 26 of the Constitution, to refer this new Act to the people. As stated in the Constitution, the new Act will nevertheless become law and the referendum will take place “as soon as possible.”
If the Act is approved in the referendum then naturally it will remain in force. If the referendum goes the other way, then the Act No. 96/2009, which the Althingi passed on 28 August, on the basis of the agreement with the Governments of the United Kingdom and the Netherlands, will continue to be law, recognizing that the people of Iceland acknowledge their obligations. That Act was passed by the Althingi with the involvement of four of the parliamentary parties, as stated in the President’s declaration of 2 September.
Related posts:
- No He Didn’t! President Asks For National Referendum
- What Have You Done?
- The Disappearance Of A President
Tags: 28 August, Act, Althingi, Constitution, Disappearance, Governments, Icesave, National Referendum, Netherlands, Parliamentary Parties, Pdf, People Of Iceland, United Kingdom
Posted in Iceland, Market | No Comments »
Tuesday, December 1st, 2009
In honour of Heimssyn’s celebration of Iceland’s sovereignty to be held today at Salurinn in Kopavogur I wrote a message to our former friends in Europe who have now conspired to rip us off through the IceSave agreement, by enacting terrorist law against Iceland and wait to rob us of our resources.
On the day when we celebrate our sovereignty the people of Iceland would like to offer the condolences to the people of Europe, formerly known as Finns, Danes, Germans, Belgians, Italians, Dutchmen etc. We are sorry about your republics coming to an end with the Lisbon treaty.
Our 90 year old Icelandic tradition of sovereignty and our 65 year old republic is now the subject of envy from you, our neighbours in the east. While you succumb to uniformism and dependence on each other, we proudly accept the responsibility of being the torch bearers of freedom and independence in the western world.
We are a self sustainable country which does not tolerate your contaminated food, uniform human rights or sharing of resources. We have a proud democratic, economic and political tradition and our resources are plenty and our pillars of society are strong.
Not for us, the abhorrent currency known as the Euro, not for us the President of Europe, not for us the Schengen agreement.
Brussels, Haag and Maastricht are not recognized word in Icelandic.
The long night of bureaucratic darkness and lost national sovereignty might be ascending on Europe. But let it be known that there is still a proud country in the north which holds true to the values of days gone and time passed. Our independence, sovereignty and access to European markets through the benefits of the EEA agreement will be an example for other nations to aspire to.
Our resolve is strong, our need is none. Rest in peace Kingdom of Sweden, goodbye Britannia, farewell France.
Long live the independent, alone and free state of Iceland.
Tags: Belgians, Britannia, Condolences, Contaminated Food, Eea Agreement, European Markets, Freedom And Independence, Italians, Kingdom Of Sweden, Kopavogur, Maastricht, National Sovereignty, Old Republic, People Of Iceland, Pillars Of Society, Political Tradition, Republics, Rest In Peace, Schengen Agreement, Torch Bearers
Posted in Iceland, Market | No Comments »
Saturday, November 28th, 2009
It is a strange feeling to witness your country falling apart before your eyes. You first start to panic when you realise that there is nothing you can do to stop the crash. When the crisis hit Iceland’s shores last year the rock of the Viking economy proved to be nothing more than clear water. Now we shall have to wait and see whether Dubai’s economy is built only on sand, or if a more solid base can be found to underpin its economy.
From the Guardian
Note: Will the legacy of the political and business elite which ruled Iceland in the past two decades be that the word Iceland becomes synonymous with economic disaster?
Note II: Eirikur Bergmann thinks that life is returning to normal. If normalcy is a dead housing market, price indexation, higher food prices, higher taxes, less government service, currency depletion, unemployment, corrupt banks, inept government and an almighty rift in society then he is right.
His column though seems to prove the lack of understanding within Icelandic academia on what was really going on in the financial sector before the economic collapse and a lack of understanding in economics in particular. To send the message abroad that everything is returning to normal is insulting to the people of Iceland.
Tags: Academia, Bergmann, Business Elite, Clear Water, Crash, Decades, Economic Collapse, Economic Disaster, Financial Sector, Food Prices, Government Service, Guardian, Housing Market, Indexation, Inept Government, New Iceland, Normalcy, People Of Iceland, Strange Feeling, Unemployment
Posted in Iceland, Market | No Comments »
Sunday, November 22nd, 2009
Press release from Arion Banki: From yesterday, 21 November 2009, New Kaupthing Bank changed its name to Arion banki. The new name signals a new direction and new values. Following the restructuring of the bank in the recent economic turmoil at home and abroad, the bank is shifting its focus in response to the demands for change made by its customers and employees. A new name will also help eliminate any confusion among the public and the bank’s business partners in Iceland and abroad.
The bank is guided by the values of professionalism, ambition, concern for others and loyalty, with the customer in the foreground at all times. The new name comes from Greek mythology and symbolizes perseverance, cooperation and new beginnings. The bank held a competition among its employees to find a new name and Arion was selected from over three hundred entries.
Finnur Sveinbjörnsson, CEO of Arion, says that the time was right to adopt a new name. “A new name, a new direction and new values signal a fresh start for the bank. In a way we are making a break with the past and we look forward to tackling the challenges that await in society with vigour. Our goal is to develop a strong, trustworthy bank which works with and for the people of Iceland.”
In the current climate the bank cannot afford to be wasteful, and therefore the cost of adopting a new name will be kept to a minimum. The branches will be given a new look in the next few weeks, and to avoid unnecessary costs marketing material will be renewed as old supplies are used up.
Tags: 21 November, Ambition, Business Partners, Climate, Confusion, Economic Turmoil, Foreground, Fresh Start, Greek Mythology, Kaupthing Bank, Loyalty, New Beginnings, New Direction, New Values, People Of Iceland, Perseverance, Press Release, Professionalism, Restructuring, Unnecessary Costs
Posted in Iceland | No Comments »
Tuesday, August 4th, 2009
The latest of Larus Welding is that he is apparantly heading off to Harvard to do a master’s degree.
His application to the university must be quite a read.
CEO of Landsbankinn, UK when IceSave was being implemented, then CEO of Glitnir who appeared on national television days before his bank was taken over by the state to tell everyone that things were just great.
Larus is my age, thirty-three. At a time when people should be aspiring to enter top-management he has been CEO of two huge institutions whose collapse has caused widespread damage. If he were a bomb technician then people would run when they saw him coming.
At a time when Icelandic citizen’s are on the verge of breakdown from the increase in their loans and payments that their banks refuse to discount, Larus received a 100 million ISK discount on his own loans. Oh, and he changed his name…!
How did a twentysomething from Reykjavik become CEO of a large financial institution in London and then one of the fastest growing global banks? Astounding brilliance or an outstanding ability to nod and do someone’s biddings?
Harvard seems to think the former, the people of Iceland feel it in their wounds that it is probably the latter.
Tags: 100 Million, Biddings, Bomb Technician, Brilliance, Ceo, Citizen, Collapse, Financial Institution, Glitnir, Global Banks, Harvard, Landsbankinn, National Television, People Of Iceland, Reykjavik, Television Days, Top Management, Twentysomething, Verge, Wounds
Posted in Iceland, Market | No Comments »
Friday, July 17th, 2009
So Althingi did the only right thing and approved EU talks. I predicted a few days after the economic crash in October that this would mean that Iceland would be a EU member by 2012. I stand by that prediction.
Despite the fear-mongers and special-interest groups within the Progressive Party, Left Greens and the Independence Party rejecting the proposal. But then again, they know who is paying for their seat and it isn’t the people of Iceland.
The Citizens’ Movement seems to be having difficulties in deciding who they are supposed to represent.
Meanwhile, I unfortunately cannot comment too regularly for a few days because of a hectic work schedule.
I will check back soon with a reaction.
Tags: Citizens, Economic Crash, Fear Mongers, Few Days, Greens, Hectic Work Schedule, Independence Party, People Of Iceland, Progressive Party, Proposal, Special Interest Groups
Posted in Iceland, Market | No Comments »
Tuesday, July 14th, 2009
The people of Iceland are being punished for the misbehavior of the countries financial elite
This might come as an surprise to some, Iceland had its share of financial elites, I say had because they are all gone now. Most of them are running away as fast as they can, trying to move all valuables to tax-havens before the government puts a freeze on there assets. Yes, the government of Iceland has yet to freeze any assets since the banking crisis hit almost 10 months ago.
The world never stops to let me down, everything is falling apart, there is no trust left anywhere. Even the Social Democrats who came into power only a few months ago, when Iceland elected its first pure left government, have done nothing but let us down. From a fresh breeze to a rotten old smell of disgusting politics, only a few days are needed to turn a group of decent parliamentarians into pale blood sucking pack of scumbags.
Last summer, If anyone had asked my if Iceland needed help I would have laughed in their face. Help? We don’t need anyone, we have everything right here and more. The investigations into the collapse is going slowly, but these things are complicated, that’s why we have imported help from Norway in the form of Eva Joly. Right now, that’s all the hope I have left in the system, it has come down to a single person almost. If Eva Joly can’t get those bankers, no one can.
We can’t wait for the EU membership, that thing takes years, and why should Iceland join the EU anyway? The other Scandinavian countries have turned there back on us. No help from there, unless we agree to pay billions for the Icesave accounts. Its a fact, the regular Joe’s of Iceland had no clue how the Icelandic banks could offer better interest rates then Deutsche bank. We can’t pay anyway, its just too much for tiny Iceland. The Icelandic Economic Miracle was all a big shame, we know that now, sorry. Please don’t let us pay for the sins of a handful of bankers. They had us for fools.
- Andri Sigurðsson
Tags: 10 Months, Banking Crisis, Billions, Clue, Collapse, Deutsche Bank, Economic Miracle, Elites, Financial Elite, Fools, Fresh Breeze, Government Of Iceland, Handful, Icesave, Misbehavior, Parliamentarians, People Of Iceland, Scandinavian Countries, Tax Havens, Valuables
Posted in Iceland, Market, News, Politics | No Comments »