Renegotiation

How many more people need to tell the Icelandic government that the current Icesave agreement is a bad one before they will believe it?  Iceland will eventually have to come to some agreement on payment of the insurance to cover the accounts in Britain and Holland, that much is sure.  But the Icesave agreement in its present form is not the best deal Iceland can get.  It is at best a hurried and unfair agreement and at worst, plain extortion.  Voting down the agreement is not saying Iceland will not pay.  It is saying Iceland wants a better, more fair agreement that everyone, most importantly the country that has to pay it, can be satisfied with. This is a simple matter of renegotiation of the debt, not  the renegging of it.

GTB


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