Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-01-20-Speech-3-044"

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"en.20100120.3.3-044"2
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"The Presidency wishes to accelerate accession negotiations, including with Iceland. My group does not oppose that country’s accession per se, but the uncertainty about the repayment of the Icesave loans to the United Kingdom and the Netherlands is too great at present. Iceland and Icesave have been taking great risks for many years. The sky seemed to be the limit, and the consumption and granting of loans just kept on going. International bodies such as the International Monetary Fund warned against these risks but, no, this behaviour continued unhindered until the recession struck. Curious, then, that the government in Reykjavik is now shedding crocodile tears. The writing had been on the wall for a long time that things would go seriously wrong. Forewarned is forearmed. In short, Iceland can join the EU if it meets its international obligations, and it has been laid down clearly how and when the Icesave loans are to be repaid. That is the only way of building the confidence required for accession."@en1
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