Bea Arthur comes back to lead the Icelandic people - Nubblies.net Forums

Pliedes · 04-26-2009, 07:47 PM

Well, sorta. It may as well be her.

bbc news - icelandic election
economic crisis timeline

But seriously, I would love to hear your opinions (especially gwb) on the economic situation in Iceland. Last October, like the rest of the world, their banks went to shit and they ended up getting 10 billion dollars from the IMF to "stabilize" the situation. The whole reason they are in this mess is because they invested all their money from the boom of the 90's into foreign assets- like the Royal Bank of Scotland- which eventually tanked bigtime. Inflation has hit almost 20% in recent months.

Suffice to say, these pasty white fishermen are pretty pissed. They actually started rioting in the streets a while back, calling for a new parliament. Well, they got it, and apparently Bea Arthur is at the helm. Historically Iceland has had a love/hate relationship with continental Europe, but their new policy seems to be "join the EU".

Many of you gents know more about global economics than I, so I'd love to hear your opinion on this microcosm of a nation. (pop. 300,000, seriously)

DJ FC · 04-26-2009, 11:13 PM

It's a small fishing villiage that got caught up in the housing bubble and convinced itself it could be a financial center. Now it has to face the day of reckoning.

But they are in a unique position to benefit, if they play their cards right. People talk about moving offices to Iceland and cutting deals with the Icelandic government for favorable tax treatment.

04-26-2009, 07:47 PM	#1 (permalink)
Pliedes Senior Member Join Date: Oct 2002 Location: Puget Sound Posts: 4,594 Internets: 1608	Bea Arthur comes back to lead the Icelandic people Well, sorta. It may as well be her. bbc news - icelandic election economic crisis timeline But seriously, I would love to hear your opinions (especially gwb) on the economic situation in Iceland. Last October, like the rest of the world, their banks went to shit and they ended up getting 10 billion dollars from the IMF to "stabilize" the situation. The whole reason they are in this mess is because they invested all their money from the boom of the 90's into foreign assets- like the Royal Bank of Scotland- which eventually tanked bigtime. Inflation has hit almost 20% in recent months. Suffice to say, these pasty white fishermen are pretty pissed. They actually started rioting in the streets a while back, calling for a new parliament. Well, they got it, and apparently Bea Arthur is at the helm. Historically Iceland has had a love/hate relationship with continental Europe, but their new policy seems to be "join the EU". Many of you gents know more about global economics than I, so I'd love to hear your opinion on this microcosm of a nation. (pop. 300,000, seriously)

04-26-2009, 11:13 PM	#2 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 253094	It's a small fishing villiage that got caught up in the housing bubble and convinced itself it could be a financial center. Now it has to face the day of reckoning. But they are in a unique position to benefit, if they play their cards right. People talk about moving offices to Iceland and cutting deals with the Icelandic government for favorable tax treatment.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.