NEWS FROM THE CELTIC LEAGUE
What a difference a few years make!
Following the ignominious collapse of elements of its banking sector just over five years ago Iceland had to put up with bullying from the UK government which ceased its assets and order and threats from the EU and International Monetary Fund.
However the Icelandic people fought back took control of their own destiny and effectively rid themselves of an administration which was to acquiescent to external pressure and rebuilt their economy.
At one time it seemed that Iceland’s only secure path would be via ultimate membership of the European Union.
However today Iceland gave a political, though polite, ‘two fingers’ to EU membership and announced it was withdrawing from accession talks. A statement said:
“The EU and Iceland have discussed the country’s position on the status of its bid to join the European Union,” the statement reads. “The government does not intend to resume preparing for EU membership.”
It is refreshing to see a small country revitalise its economy and recover from a devastating financial crisis so swiftly and in that respect Iceland is a great role model for other small nations particularly when larger neighbours try to bully them. In that regard the fall-out from Britain and especially Gordon Browns actions will be long lasting as the President of Iceland spelled out in an interview two years ago (link):
Related report from RT here:
J B Moffatt (Mr)
Director of Information
(Please note that replies to correspondence received by the League and posted on CL News are usually scanned hard copies. Obviously every effort is made to ensure the scanning process is accurate but sometimes errors do occur)
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