Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-14-Speech-3-221-000"
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"en.20120314.22.3-221-000"2
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"Mr President, I voted against this resolution, not because I believe Iceland should not become a member of the EU, but because the resolution states that money owed by Iceland’s Landsbanki after the collapse of Icesave must not be an obstacle to accession. As a Conservative MEP for London, I cannot possibly agree to these terms.
Local authorities in London are suffering from painful cuts after the economic downturn and thirteen years of wasteful Labour government. Six London councils had a total of GBP 120 million invested in Icesave; Transport for London invested a further GBP 40 million and London’s Metropolitan Police, GBP 30 million. These councils and organisations have not seen a penny of their money back since the Bank’s collapse in October 2008.
The Icelandic Government is dodging its legal obligation to pay minimum compensation to these and other British debtors. Margaret Thatcher once said: we are simply asking to have our own money back. That is what we are asking of Iceland. Until they pay up, I cannot support their membership."@en1
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