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Thread: Netherlands Threatens Iceland's EU Bid

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    Netherlands Threatens Iceland's EU Bid

    Netherlands Threatens Iceland's EU Bid


    Dutch Foreign Minister Maxime Verhagen has threatened to block Iceland's bid to join the European Union. He is hoping to put pressure on Reykjavik to meet agreements about compensation for Dutch savers who lost money in the Icesave bankruptcy.

    Dutch Foreign Minister Maxime Verhagen has threatened to block Iceland's bid to join the European Union if Iceland does not honor agreements about compensation for Dutch savers who lost money in the Icesave bankruptcy.

    Verhagen called his Icelandic counterpart Ossur Skarphédisson on Tuesday evening to talk about the stalemate in the Icesave repayment. The Icelandic parliament, the Althing, has postponed a decision on the reimbursement agreement made by the government for Dutch and British victims of the Icesave debacle. A total of 128,000 Dutch savers had some €1.7 billion ($2.4 billion in accounts with the Web-based subsidiary of the Landsbanki bank, which was nationalized by the Icelandic government in October 2008.

    According to the agreement Iceland has to repay €1.3 billion to the Netherlands and €2.3 billion to the UK. The British and Dutch governments spent that money to compensate savers for the €20,000 the Icelandic government had guaranteed for those saving with Icelandic banks. The Icelandic government agreed to repay those damages in the form of a loan, but parliament could block that deal, as some members of the Althing have threatened to do.

    "A solution to the problems surrounding Icesave could speed up the handling of the Icelandic application for EU membership," Verhagen said. He added it is "absolutely necessary" that Iceland approves the agreement to "show that Iceland takes EU guidelines seriously."

    Iceland has been hit especially hard by the credit crisis. Last week, it formally announced it is eager to join the European Union. The 27 foreign ministers of the EU member states said they will discuss the request at a meeting in Brussels on Monday.

    In a reaction, Skarphédisson called Verhagen's remarks "an internal Dutch political issue." Iceland's Finance Minister Steingrímur Sigfússon said there can be no connection between the Icesave agreement and admission to the European Union.


    http://www.spiegel.de/international/...637678,00.html


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    While I honestly hope for Iceland to be denied membership in the EU, this argument is a joke, isnt it? I mean, Turkey is constantly brought up as a possible member while they dont have any of the required standards and even less are interested in establishing law that would be compatible with European law and they still torture (dont even want to start to talk about the genocide on the Kurds).

    However, whatever saves Iceland from enslaving itself in EU, might turn out positive for them, even when they dont see it right now. If they are lucky (and we) EU has dissolved before they solve the problem their entry fee
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    Bavarias ruling party CSU has a similar opinion regarding Iceland and the EU:

    http://www.thelocal.de/politics/20090718-20673.html

    "The Christian Social Union, the Bavarian sister party of Angela Merkel’s Christian Democrats, has spoken out against Iceland’s entry to the European Union, the Süddeutsche Zeitung reported Saturday.

    “The EU cannot play saviour to Iceland’s economic crisis,” said Markus Ferber, head of the CSU’s members of the European parliament, after the Icelandic parliament voted on Thursday to apply for entry to the EU. The EU Commission responded by promising to process the application quickly."


    I can follow their argument but it´s just hypocrisy if you see how they treat Turkey privileged in the process.

    "Judge of your natural character by what you do in your dreams" - Ralph Waldo Emerson

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    Quote Originally Posted by Valkyrie View Post
    I can follow their argument but it´s just hypocrisy if you see how they treat Turkey privileged in the process.
    I think the argument tells a lot about its speakers and their utilitarian ideas.
    I'd like to shutdown the EU anyway.

    As long as you're not talking about that "privileged partnership" thing, which rather is some kind of kryptooffense against the EU's plans, the CSU definitely isn't treating Turkey very "privileged" in any way.
    "All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dream with open eyes to make it possible."

    - T. E. Lawrence

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    Indeed, they are a bunch of hypocrites who are only acting from this way because of the recent diplomatic relations between Russia and Iceland mainly after the fact of Iceland has agreed to a financial loan of the Russian government.

    An EU membership would be a disaster for large parts of the Icelandic people.

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