Icelandic news translated into English

November 12, 2008

The situation is dead serious

Problems acquiring loans and disputes because of Icesave seem to have put the loan application from Iceland on slippery ice for an unknown amount of time. Steingrímur J. Sigfússon, chairman of the left wing party, said when he came out of a meeting with the board of standing committee on foreign affairs this morning that the situation is dead serious, the nation could not tolerate this situation any longer. The outlook is specially serious for export industry since everything is frozen to the core.

People surrounded the house of the Parliament today at noon to express their demand to have elections for the Parliament as soon as possible.

Steingrímur says that it condemnable that the government has nothing else as a resort to this situation than the International Money Fund. The case is in a total mess. Every single day in uncertainty is very dear for the nation.

It has repeatedly boiled over between politicians and their foreign confrere overseas because of the Icesave dispute. According to the newsroom Árni M. Mathiesen, Minister of Finance, was scolded at the meetings with other Ministers of Finance from other European countries in Brussels last week. It is said that Ólafur Ragnar Grímsson, the President of Iceland, had a quarrel with a foreign ambassador during a lunch meeting last Friday.

Steingrímur says that it was a terrible disappointment to experience how the English, Dutch and other European nations handled some issues and some of the Northern countries were more hesitant than expected.

He says it is hard to say what Icelandic government can do to improve these communications while they are being forced to sign political results for the Icesave dispute. Information arrived late and in a bad manner and the people of the nations are angry because of the process around the Icelandic banks. The name Iceland is drastically damaged and the reputation of the country is in a bad shape. This is harsh and very sad.

News coverage by Þóra Kristín Ásgeirsdóttir
Original Article & Video in Icelandic

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