We did it - 93% of the Icelandic people who voted 6. march said NO to the bailout: NO to the socialization of private debt. Iceland still needs your support because this is far from over. So we have decided to keep the petition going until the Icesave dispute is over.
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Iceland may be the first Western democracy to be forced into South-American style debt-slavery. The IMF, in concert with the UK and the Netherlands, has attempted to strongarm the recently impoverished Island of 317,000 into paying over 3.6 billion pounds ($6.3bn) -- $86,000 per Icelandic family -- at 5.5% interest for the next generation. The money is not conventional government debt, but arises from the collapse of a private multi-national bank during the financial crisis.
The issue is so serious that the entire nation will vote on it March 6th 2010.
On December 30, 2009, after extraordinary diplomatic threats, Iceland's parliament passed narrowly a bill agreeing to pay the onerous terms. Only a few months earlier parliament had agreed to the full amount, but under more reasonable conditions.
The people of Iceland must be internationally supported, so they can feel safe in voting down debt-slavery. If Iceland falls, it won't be long before other countries suffer similar financial extortion.
http://en.wikipedia.org/wiki/Icesave_dispute
http://www.jubileedebtcampaign.org.uk/UK%20must%20take%20some%20responsibility%20for%20Iceland%20crisis 5341.twl
We the undersigned support the people of Iceland in their uprising against being bullied into taking on more debt then they can possible handle from the private bank Icesave. Private debt should never be passed on to taxpayers.
You are an inspiration to the rest of the world.
