Niklas Albin Svensson

Iceland: government must abandon IceSave deal

After the president's recent rejection of the IceSave deal between Iceland and the UK and the Netherlands, the country and its financial markets have been plunged into uncertainty. The draconian terms demanded by the deal has caused outrage in Iceland, forcing a referendum on the issue. The only decent thing for the government to do now would be to reject the deal and any attempt to force the people of Iceland to repay the debts of its financial speculators.

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