“Iceland was entitled to refuse to pay immediate deposit guarantees to savers with failed online bank Icesave in Britain and the Netherlands, a European court said Monday. The ruling is the latest twist in a bitter dispute which has clouded negotiations on Iceland’s ambitions to become a member of the European Union. Deals to use tax-payer money to refund the Icesave debt have been twice rejected in referendums so the assets of failed parent Landsbanki are the only way Iceland can settle the row.”
http://www.rawstory.com/rs/2013/01/28/court-iceland-doesnt-need-to-repay-uk-and-dutch-depositors/
Related posts:
Zuckerberg voices frustration with Obama over NSA
Bitcoin owners find safe place for digital currency: on paper
Eating whole fruit lowers diabetes risk, but drinking fruit juice raises it
New York Vying With California to Write Bitcoin Rules
From Murder to Mob Ties, Three N.Y. Politicians Make Unlikely Comebacks
Obama administration renews calls that China currency is undervalued
Al-Qaeda-linked force captures Fallujah amid rise in violence in Iraq
Why your boss wants you to see online doctors
Several Swiss banks pull out of US tax settlement programme
Campus 'smoke-free' edicts extend to smokeless products and e-cigarettes
Congress repeals law barring members' insider trading
IMF Chief Christine Lagarde's Flat Raided Over French 'Payout' Probe
Police Cited Homeless Veteran For Dumpster Diving In Search For Food
Kansas City Police, Ridiculous Pro-SWAT Propaganda Video [2012]
Proposed U.S. law could be a Snowbird tax timebomb