Iceland Residents To Vote on Debt Payments

[scorpio]

I just heard on the radio that the current debt payment plan for the Resident of Iceland is for EACH CITIZEN
to pay $135 per month for 8 YEARS.
If that passes, I will be amazed. The greed of the IMF and  bankers seems to have no bounds.
Can plans like this be far off for America, Greece and other debt ridden nations??

Updated at 5:49am on 7 March 2010
Icelanders are going to the polls on Saturday to vote on repaying the United Kingdom and the Netherlands after the collapse of the Icesave bank in 2008. A resounding 'no' vote is expected.
The British and Dutch governments want reimbursement for 3.8 billion euros ($US5.2 billion) paid in compensation to customers in 2008.
The BBC reports talks between the three countries broke down on Friday without agreement.
Prime Minister Johanna Sigurdardottir has urged people to shun the referendum, saying better payment terms had been tabled.
The government had hoped to avoid the vote by reaching a new repayment plan before the weekend.
Opinion polls suggest the majority of voters will vote "no." However, by midday Saturday, turnout appeared to be lower than in last year's general election.
Partial results are expected shortly after polls close at 2200 GMT.
The government approved the repayment plan last December but it was blocked by President Olaf Ragnar Grimsson in January, which led to the referendum being called.
Mr Grimsson has rejected suggestions the vote is meaningless, telling the BBC that a strong 'no' would strengthen Iceland's hand in the negotiations.

http://www.radionz.co.nz/news/stories/2 ... 47f7a97076