We keep an eye on Iceland because Britain killed off one of its banks by using anti-terrorist legislation to seize its UK assets while it still had a chance of staying solvent. It had no chance, of course, after a vote of confidence like that and after that sort of slur on its national reputation.
And now, of course, we’re dunning them for our money back and screwing them for a stratospheric fixed rate of interest of 7.5%. But that’s us – or those that speak for us. Warms the cockles.
Anyway, with its own disasters to face, this tiny country from one end of the temperature spectrum is sending all possible assistance it can to another small country in crisis and, in every possible way, at the hot end of things.
Argyll donations
Dalmally-based charity, Mary’s Meals, which has been feeding 12,000 children in Haiti since 2006, working in Hinche and in the Cite Soleil slum in the capital, Port au Prince, has launched an appeal for donations to contribute to the accelerated aid programme it has mounted, focused on Hinche where desperate refugees from Port au Prince are massing.
● To donate to support Mary’s Meals work in Haiti, visit the Haiti Quake Appeal page on the Mary’s Meals website.
I too salute the people of Iceland who can face up to their own -relative – problems and yet look out with vision towards others less well off.I would point out that there has been a predictably generous response from folk in Scotland and that Mary’s Meals based in Argyll & Bute is an admirable focus for our support. This Dalmally based chairity has been in Haiti since 2006 and is doing since then what it set out to do. Supplying needy children with a substantial meal every day.
I am sure that the Icelanders will survive and prosper. They have demonstrated before that they will not be bullied.
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many small businesses here are being “screwed ” as you put it by similar levels of interest rates
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It is worth noting that (a) it was largely precipitate action by The UK that caused the sudden collapse of the Icelandic banking system whixh had the effect of causing the damage to rapidly spread more widely; that (b) a very large part of the collpased Icelandic banking system was British owned and that (c) the UK sits in last position behind both Ireland and Iceland in the table of the most bust economies world wide.
The Icelanders and the Irish have both already taken painful but necessary measures to right their economies while UK has borrowed more on an already massive debt. I know which countries will be earliest out of recession. We will hear soon of the arc of recovery.
It is hard to get one’s head round it but the UK national debt is rising a the rate of £500million PER DAY.
Well done, Iceland .
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