Iceland to vote on repaying 'debt'

[Admiral Yi]

Debtors holding a vote whether or not to repay their debt is a bit like criminals sitting on a grand jury.

For your analogy to hold Icelandic voters would have to have the power to set their own credit rating.

[Martinus]

Debtors holding a vote whether or not to repay their debt is a bit like criminals sitting on a grand jury.

For your analogy to hold Icelandic voters would have to have the power to set their own credit rating.

In a sense they do, because if they decide not to pay, there is no way (short of an invasion) to force them to pay. Last time I checked there no world government to make them.

[The Brain]

[garbon]

Iceland sounds very mature.

[The Brain]

Iceland sounds very mature.

1,000 years of carefully recorded inbreeding works wonders.

[Jaron]

They should prostitute their elves out. If they are as good as it claims it could be quite the windfall for that warrior nation.

[garbon]

1,000 years of carefully recorded inbreeding works wonders.

What Wonder of the World is in Iceland?

[Richard Hakluyt]

Debtors holding a vote whether or not to repay their debt is a bit like criminals sitting on a grand jury.

For your analogy to hold Icelandic voters would have to have the power to set their own credit rating.

In a sense they do, because if they decide not to pay, there is no way (short of an invasion) to force them to pay. Last time I checked there no world government to make them.

They can default; but will then have the same status as Argentina.

[The Brain]

1,000 years of carefully recorded inbreeding works wonders.

What Wonder of the World is in Iceland?

World's Largest Rotten Cod.

[garbon]

They can default; but will then have the same status as Argentina.

Is Iceland claiming the Hebrides?

[garbon]

World's Largest Rotten Cod.

Eww. Sounds deliberately unsexy.

[Iormlund]

World's Largest Rotten Cod.

Eww. Sounds deliberately unsexy.

Well, this is the land that spawned Björk after all.

[The Brain]

World's Largest Rotten Cod.

Eww. Sounds deliberately unsexy.

Well, this is the land that spawned Björk after all.

[Viking]

Ah, OK.  Off the top of your big fat head do you happen to know what rate the Brits and Dutchies are offering?

effectively 6% iirc

[Viking]

Debtors holding a vote whether or not to repay their debt is a bit like criminals sitting on a grand jury.

For your analogy to hold Icelandic voters would have to have the power to set their own credit rating.

In this case they can, sort of. If they can convince the Norwegians that the British and Dutch are being unreasonable then we'd be loaning with the Norwegian credit rating as a base since the norwegians will then either guarantee the loan (easy to convince norwegians to do as the public doesn't think they are actually losing money) or loan us at "cost". Very generous if you ask me. Not logical at all. This is effectively (from the norwegian point of view) helping out a relative.