On the coming 9th of April the people of Iceland vote on the question of saying YES or NO to an agreement on “Icesave”
The former Landsbankinn in Iceland that went bankrupt in the big financial crash in Iceland in October 2008 offered its British customers sky high interests, way above any that of any other bank. The question at stake in the referendum is whether or not Icelandic taxpayers should compensate those who put their money in the Icesave account now that Landsbankinn is bankrupt.
Since 2008 the vast majority of the Western population dream about saying “no” to the banks, but no one has dared to do so. No one except the Icelanders, who have carried out a peaceful revolution that has managed not only to overthrow a government and draft a new constitution, but also seeks to jail those responsible for the country’s economic debacle.
Here we transcribe the whole of Dr Guillermo Sullings’ lecture from the Second International Symposium organised by the World Centre of Humanist Studies in the virtually interconnected Parks of Study and Reflection. Sullings, an Argentinean Economist, presented his work in the Punta de Vacas Park of Study and Reflection, Mendoza, Argentina.
*Those who know something about Grameen Bank will know it is a Bangladesh outfit and idea so where was that country in Hong Kong’s South China Morning Post’s Business Section September 16, 2010, article “Grameen in mainland microfinance venture”? Not even a passing reference to the originator nor the proud originating country!*