Davíð Oddsson comments on external debt

[@Platerising]

Thanks for the update

[@Platerising]

The question is not if the government was going to repay those savings of not. Many people agree on it was going to because it simply had to. The main issue is how those words of Mr. Oddsson could be interpreted. Oddsson should have realized that what he was saying could as well be interpreted and perceived as he was talking about the Iceasave accounts, any account for that matter.

[@Platerising]

It's a another matter when we are talking about bank deposits. If you put your money in a bank you expect it to be save. It's also a question of future trust. Who would trust the Icelandic banking system in the future if they couldn't guarantee saving deposits?

[@Platerising]

I agree to what you say about Mr. Brown and Mr Darling. The whole point of the criticism on Mr. Oddsson is that what he said, If he meant it that way or the other, led to those harsh reactions of Mr. Brown and Mr. Darling. You can't really blame them for interpreting his words this way. But the reactions that followed were to harsh, I agree to that. A Governor of a Central Bank needs to be cautious of what he says. Mr. Oddsson failed in that spectrum amongst others.

[@Platerising]

But wait a minute, the Icelandic government had taken over Landsbanki at the time of this interview, it was certain that Lansbanki could not pay its creditors, since it was bankrupt. The people and institutions that laid money into the Icesave accounts are amongst others the banks creditors. And if it's not in the role of the Icelandic government to pay those creditors then in whose role is it? Landsbanki can't since it is bankrupt.

[@einsiol]

Debts and deposits are not the same. Did he say that we would not pay out the deposits?

[@pallhe]

I'm not aware that Icelanders have been trying to hide this interview. This is probably what sparked the UK government's reaction. But, firstly, Mr Oddsson was talking about creditors, not savers. Secondly, he has no mandate to speak for the Icelandic government. Thirdly, at international press conferences held in Iceland the Icelandic government stated its appreciation that the UK was helping to alleviate the immediate concerns, that it was hoping Landsbanki's assets would cover the debt, etc.

[@Platerising]

Why could the debt's become so high? Why were the banks allowed to expand so much? Who created the legal frame for the banks to work within? Who fought for this neo-liberalistic policy? It was Davíð Odsson himself as prime minister. If somebody drives your car into a ditch you don't call that same person to get it for you.

[@Baldurpet]

We should have hired some PR people to represent our country from day one to steer from the crisis. Some parts of this were granted avoidable, but a big part of this is due to the ineptitude of specific higherups which should not be tolerated.

[@Platerising]

Oddsson is talking for the behalf of the government (which is btw not his role) which had promised to guarantee all the debts of the banks and then he says "We are not going to pay these external debts of the banks" icelandic: "Við ætlum ekki að borga þessar erlendu skuldir bankana". How is it a sign of bad nerves or knowledge of the Icelandic language to understand this otherwise? (i.e. that might as well be talking about Icesave)

[@Platerising]

Yeah, so he claims. Still there hare no official or non-official documents been showed that prove it and the government in Iceland seems to at least have a foggy memory about it. No member of the government have confirmed that it's true and some have even denied it.

[@gnosticman1]

This translation is accurate. Some icelandic people find it very discomforting to face the hard truth and face what the governor of the Icelandic central bank is saying here live on icelandic television.

[@valthorh]

There is a huge difference in the Icelandic language. The loans a bank takes out for financing itself, is totally seperate from the savings people put into the bank acoounts. This might not be clear to non-native speakers, but it is in fact nevertheless so. The Icelandic government was ALWAYS going to repay the savings up to the legal limit, the banks debts on the other hand is not the government problem. Simple as that !

[@Platerising]

The translation is accurate.

[@Platerising]

Oddson must be good enough in English that if he says something that is translated directly into English as "we are not going to pay the external debts of the banks" it can be perceived as exactly that.

[@Platerising]

Og hver er yfir fjármálaeftirlitinu? Hver skildi seðlabankann og fjármálaeftirilitið að? Það er hefur nú líka ekki verið flókið að sjá að bankarnir væru orðnir 12 sinnum stærri en þjóðarframleiðslan. Þeir eru ekki heimskir þarna í ríkisstjórninni. Svo voru líka margir hagfræðingar úti í heimi búnir að vara við því að þetta væri bóla sem springi, en nei, þá var það bara öfundsýki.

[@Platerising]

Heldurðu að bankarnir geti orðið 12 sinnum stærri heldur en þjóðarframleiðslan í öllum löndum heimsins? Stjórnvöld þurfa að leyfa því að gerast.

[@Platerising]

Já sammála því, bankarnir höguðu sér mjög óskynsmalega, FME átti að sinna betra eftirliti. En þá er spurningin, hvað var regluverkið sem FME átti að fara eftir? Það hefur ekki verið rætt. En það regluverk er skapað af ríkisstjórninni. Hvernig lögjafarvald og framkvæmdavald hefur verið mótað og framkvæmt síðustu árin er rót þess vanda sem við stöndum að núna.

[@saevaroa]

Deposits are not the same as debts

[@ossiorn]

IMF: That Stalwart of morality!

[@saevaroa]

Hann er kannski umdeildur en hann er með bein í nefinu. Annað mál er að það er ekkert að því að einkavæða bankana. Það er hins vegar regluverk evrópusambandsins sem að samfylkingin elskar svo mikið sem ekki nær utan um það sem gerðist hérna heima. Það hefur ekkert með Davíð Oddson að gera.

[@saevaroa]

Ég myndio vilja fá Davíð Oddson til þess að tala máli Íslands á alþjóðavettvangi.

[@Platerising]

Það var ekki afleiðing þess að bankastjórarnir brutu lög að bankarnir fóru að hausinn. Það sýnir að það er eitthvað mikið að löggjöfinni og eftirlitinu í þessu landi.

[@Platerising]

Ég er að skilja þig fullkomlega. Þetta er að sjálfsögðu bankastjórunum að kenna, þeir voru engu að síður að gera það sem leyfilegt var. Þess vegna er þetta aðallega ríkisstjórninni, löggjafarvaldinu og framkvæmdarvaldinu að kenna. Eins og ég hef sagt áður, Davíð var í forsvari fyrir að móta þenna lagaramma utan um bankana.

[@BickBitch-kf1zb]

PlPlat

[@saevaroa]

Þetta þykja mér stór orð hjá þér. Geturðu staðið við þau undir nafni. Endilega uppfræddu mig ef þú vildir vera svo vænn að svara 2 spurningum . 1.Hvernig geturðu sagt að Seðlabanki Íslands sé kominn á hausinn? 2.Hvernig geturðu fullyrt að Davíð Oddson sé þess valdandi?

[@Platerising]

svo og hver sá, er veldur hættu á slíkri íhlutun með móðgunum, líkamsárásum, eignaspjöllum og öðrum athöfnum, sem líklegar eru til að valda slíkri hættu, skal sæta 1) fangelsi allt að 6 árum. Ef brot þykir mjög smávægilegt, má beita sektarhegningu.]2)

[@Platerising]

Spurðu bara sjálfan þig, hefðu stjórnvöld leyft þessu að gerast í mörgum af okkar nágrannaþjóðum? Nú er ég bara að tala um aðrdraganda Íslensku kreppunnar, ekki allt það sem fór úrskeiðis eftirá eins og t.d. þetta viðtal.

[@valthorh]

Nothing in this interview can be understood in a way, that the Icelandic government was not going to honour it's obligations regarding savings. The only thing the man is saying, is that the Icelandic state, will not pay back the bank's creditors, as it is not the roll of government to give bankrupt companies money. The savings accounts were always going to be payed back. That's it. Understanding his statement otherwise, must be a sign of bad nerves, or bad knowledge of the Icelandic language.

[@Platerising]

Ef þú ferð á hausinn einungis út af íslensku kreppunni þá geturðu kennt Davíð Oddssyni og Sjálfstæðisflokknum um.

[@ossiorn]

The British Empire fell and so will The IMF,Worldbank,BIS,Global Goverment,One Currency,Asia pacific union,African union,European union,American union (incl:Canada,Us,Brasil ect)Empire!

[@birnagu]

já, vandamálið er að Davíð réði ekki nógu miklu @

[@saevaroa]

They can try

[@valthorh]

Again, deposits were always, ALWAYS, going to be backed by the government. Anyone who says otherwise, is deliberately lying, or illinformed at best. I don't see the point of this discussion, if people can't face the facts. What was said, was said. If some Brits misunderstood the spoken words of Mr.Oddson, they should simply admit their misunderstanding. The way Mr. Brown and Mr. Darling handled the issue, was horribly clumsy and short-sighted.

[@ossiorn]

The Uk has the audacity to put some country on a terrorist list! Hilarious. God Bless Ireland!

[@bjarniolafsson3488]

Er nokkur búinn að gleima þessu

[@zezimapure111]

Davíð Oddson er fáviti en ef hann væri að stjórna værum við betur sett....sammála síðasta ræðumanni

[@ivarlogi]

Burtu með davíð

[@andrisig]

Lubytube er bara sjálfstæðisflokksaumingji sem þorir ekki að hafa sjálfstæða skoðun.