Home  >  Current Events  >  World News  >  Resolved Question
Resolved Question

Does Iceland need to pay up?

There was a savings bank in Iceland called Icesave. It went down. The government of Iceland then took over the saving accounts (mostly Dutch and Belgian savings). That government said it would bring back the savings with taxes. But there are so few people in that country that every citizen would have to part with half of it's income just to pay those taxes. And not for a couple of years, but for 2 entire generations!

The Dutch state has already paid every person and organisation who had money there up to 100.000 euro each. The organisations that lost their money also include schools, hospitals, provincial governments etc. That means Dutch taxpayers money. Fortunately, Holland can handle it (the treasury is even making huge profits from nationalised banks).

Big question: who should pay for the loss of money, the citizens of Iceland or the citizens of Holland?
Posted 2 months ago
Share |
   Flag

Sorry, this best answer was flagged and cannot be displayed.


Other 2 Answers to Does Iceland need to pay up?


Posted Aug 26th, 2009 at 11:59AM
Well most countries are bankrupt in at least a few ways....I think the interplanetary debt-collectors are actually knocking on the door as we speak...I think they only accept 'souls' as payment...
Rated: +1Vote for this!  
Posted Aug 26th, 2009 at 12:02PM
Hi bosgek
Business is business and if it goes wrong then the investor should pay. They chose to invest. Icelandic banks paid more and people were greedy. There were warning signs which even institutional professionals ignored! Weird!
:)
Rated: +1Vote for this!  
   1-2 of 2 Answers   
Questions and Answers powered by Ask Experience Project. Get answers to questions from the world's largest collection of life experiences, and the people who have had them. A huge, friendly, and fast wiki of answered questions! This page is for providing answers to the question, Does Iceland Need To Pay Up?
Answers to questions like Does Iceland need to pay up? are provided for entertainment purposes only. You should never use answers to questions provided here to replace professional advice, such as from a doctor or lawyer.
Anonymous & Free
to join millions in the world's largest community of life experiences
Explore first-person stories about any experience, including your own! Connect anonymously with people who understand.
↓ ADVERTISEMENT ↓

Got Questions? We've Got Answers!
Ask Your Questions to members
who have been there and done that!
Share Your Knowledge
Learn Something New

Go Ask Experience Now!

Be YOURSELF

Be a part of the biggest social experience on the web. Where who you are is more important than who you know. Share what matters the most and find others who just "get it."

Join now and get started in seconds, or learn more about Experience Project

↓ ADVERTISEMENT ↓
Top Dreams
What were people dreaming about yesterday?
  1. Being Chased Dreams
  2. Relationships Dreams
  3. Death Dreams
  4. Pregnant Dreams

Get Your Dream Interpreted

Of course, we love to hear Your Story, whatever it happens to be. You can be yourself here!

↓ ADVERTISEMENT ↓