ISLAND PROSECUTOR: Dislocated by the IMF and foreign banks, and now they are sharing the money with the citizens!

From a small island, news is constantly coming to resemble the rest of the world in magical fairy tales

After less than 400,000 inhabitants of Iceland overthrew the corrupt politicians who have ruined the land banking and stock exchange machinations, after being arrested and condemned by responsible politicians, after being nationalized failed banks, passes to the cash gift.

Rarely, which country could boast about the fight, and no matter how the victory against the banking mafia. In all likelihood, Island is all that our country will never be. The citizens have got out of the economic crisis, they have saved their currency, they have departed from the insane claims EU politicians minimized the influence of the IMF and, of course, ensured the rule of politicians who believe that banks should collapse if they do not work properly, and that the state must never rescue private banks.

In the past five months, Iceland closed 26 bankers who pushed the country into financial chaos, whether or not anyone else on the planet has done something like that. The Icelandic government has also nationalized those banks that have secured economic instability by illegal actions and which themselves could not be removed from the hole that they themselves dug out. The Icelanders realized that the failed banks would never be able to repay the money they "ate" during the crisis, And that one way of debt repayment is their nationalization.

Since the Icelanders have real control over their government, this is also felt by the ownership of nationalized banks. In fact, recently the Icelandic Finance Minister Bjarni Benediktson explained that with the beginning of 2016, every Icelander get at 211.80 euros, which are earned by the nationalization of the major banks in Iceland - Íslandsbanki. According to Minister Benediktson, this is 5% of the total amount of its value, while the rest of the money the bank owns will be directly inserted into programs that provide insular stability to Iceland and the proper operation of health, pension and social funds.

Guðlaugur Þór Thordarson, Deputy Secretary of the Committee on Budgetary Control has admitted that he is not happy with the nationalization of the banks, nor is his favorite idea that the state owns the bank, but thinks that this is a necessary step in order to optimally implement capital controls. The Icelanders will certainly have reason to celebrate in 2016 not only to pay off the entire debt to the IMF, but now they can feel the fruits of their work due to smart country governance.

It may seem to some that EUR 211 is too small to create a fama, but consider the country ever sharing money with its own people after buying a bank? Now compare Iceland and its banking policy with your country ...

• 24 Jul, 2017
• 1011 views