Little Iceland kicks UK in the face

Hook N. Sinker,
Sure, it was one of the greatest short of the decade.
Quote from Martinghoul:
I think you need to read a bit more about the EU depositor protection regulations that Iceland agreed to and signed into national law, only to renege when they found that it's too difficult to pay the claims of British and Dutch creditors. Are you suggesting that it's OK for Iceland to avoid taking responsibility for their banks' recklessness that they have been willing to underwrite in the past? The very same President Grimsson was the biggest cheerleader for Icelandic banks during their heyday in 2007. Now that they're bust, he suddenly decides that the people of Iceland are not responsible for their excesses. Convenient, don't you think?
Don't you think it's rather telling that Iceland's Nordic neighbors, the IMF, the Dutch and the Germans are all withdrawing plans to offer emergency loans to Iceland (it's not just the UK that's pissed off, contrary to popular knowledge)?
In my view, this is just Iceland trying to negotiate better terms on the Icesave deal...
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Dear Martinghoul,
Thank you I didn't know that they had agreed and signed this into national law. And now, with this element I clearly see that you are right. In fact, I find it too a convenient solution for Iceland... in the short term.
Because as you said it, the price that they will have to pay, if they don't respect their own law will be terrible... no more loans... BOOM... And I will clearly prefer to be homeless in FL than in ICEland :)

With your clear and kind explanation I will conclude that Icleand is trying to f%%k everyone in the Icesave deal... Negotiation have to be done before the deal is signed.
 
http://investing.businessweek.com/research/stocks/financials/financials.asp?symbol=OSSR:IR

Ossur stock symbol OSSR appears to be a growing company. I notice net income increasing about 144 % in four years. Income statement is attached.

Balance sheet http://investing.businessweek.com/b...dataset=balanceSheet&period=A&currency=native

I notice total equity is growing, increasing about 64 % in four years.

I interpret quarterly balance sheet and income statements as also reporting growth.

About 50 % of total assets are goodwill. I normally avoid companies that show greater than 10 % of total assets as goodwill.
 

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Quote from 9999:

I know it's off topic, but maybe we can a better perspective on things in the EU:

http://www.telegraph.co.uk/finance/...ates-as-ECB-shuts-door-on-Greek-bail-out.html

http://www.ilsole24ore.com/art/Sole...9d-11de-81dc-6b0fd287bccb&DocRulesView=Libero

The ECB says that there won't be any help to Greece if it fails to fix its deficit.
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Didn't Abu Dhabi say that about Dubai, too? Until the market made them think otherwise, that is. I suspect we'll see the same thing here.
 
since they have there own currency, cancel all debt, close the old currency, put a new one (without banks :-) ) and life goes on....
 
http://www.arionbanki.is/?PageID=3530

http://www.arionbanki.is/?PageID=1112&OrderBookID=25567

I can not understand the language used here but this may be a graph of Icelandic HFF bond price and yield.

Using online translator (http://www.stars21.com/translator/icelandic_to_english.html) I learn these translations:

gengl translates to rate

krafa translates to demand

lokadagur translates to end date

"HFF Bonds
These are bonds issued by the Housing Financing Fund and guaranteed by the government. They are indexed with the CPI with the following which mature in the following years: 2014, 2024, 2034 and 2044. The securities carry a 3.75% nominal interest rate. The bonds pay out in equal amounts twice a year. HFF bonds constitute 43.2% of the market."

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2692889 \img>
 

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