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UK uses Anti-Terrorism Law to Freeze Iceland Assets

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British investors were keen clients of Icelandic banks before the storm hit and Iceland was outraged when Britain used an anti-terrorism law to freeze assets in Landsbanki.

Prime Minister Geir Haarde warned earlier of the risk of national bankruptcy after the central bank tried then abandoned attempts to prop up the currency. "I want to emphasize...that people remain calm and understand that the transaction system is fully functioning and deposits are safe," he said.

The prime minister said he had spoken to British Chancellor Alistair Darling, who had assured him that transactions between the two countries would return to normal.



SushiBandit

6 responses // UK uses Anti-Terrorism Law to Freeze Iceland Assets

  •  

    Come on, let's give the people of Iceland a bit more respect than just using a generic Bjork image to represent a TERRORISM issue!

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    rwylie
  •  

    Respectfully Rwylie, It did get me to look at this post. I was about to give him props for the bait and switch.

    On this subject:

    Its important to realize that this is a step to a one world currency as well as a one world govt.

    Ben Franklin said:
    "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety."

    powerhungry
  •  

    I love this pic of Bjork. Represent! I hope the US figures something out, because we're fragmenting the entire world's economic-stream and countless are suffering because of it.

    JaetheFirst
  •  

    I'm with you rwylie, they could at least have chosen a picture of geysers and hot springs huh?

    LindseyIndigo
  •  

    Just shows how they are willing to use a law that was put in place to protect people from terrorist organizations, against something that had nothing to do with terrorism.

    Prijedor
  •  

    exactly. Anti-terror laws are constantly being abused. As we all knew they would. But nobody's going to take to the streets for Iceland. Its pretty underhanded of the government.

    dirtyemowords

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