The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch
The Icesave dispute Iceland fought with governments of the UK and the Netherlands revealed inherent weaknesses in the European financial system. Bringing forward tensions between public and private law and falling outside the framework of traditionally neatly compartmentalized law the ambiguity of r...
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The University of Akureyri
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fttriple:oai:gotriple.eu:oai:doaj.org/article:8d637a804ad4463697541f4b4f0cd8f7 2023-05-15T16:46:18+02:00 The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch Eirikur Bergmann 2017-03-01 https://doaj.org/article/8d637a804ad4463697541f4b4f0cd8f7 en eng The University of Akureyri 1670-6242 https://doaj.org/article/8d637a804ad4463697541f4b4f0cd8f7 undefined Nordicum-Mediterraneum, Vol 12, Iss 1, p A1 (2017) credit crunch crisis EU Eurocrisis Iceland Icesave international law legality Netherlands UK droit scipo Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2017 fttriple 2023-01-22T18:10:20Z The Icesave dispute Iceland fought with governments of the UK and the Netherlands revealed inherent weaknesses in the European financial system. Bringing forward tensions between public and private law and falling outside the framework of traditionally neatly compartmentalized law the ambiguity of responsibilities was testing understandings and interpretations of international relations. The paper explores how larger and more powerful countries were politically able to pressure a much smaller state in time of crisis into abiding to their own interpretation of international law and in doing so rallying behind them support of international organizations like the EU and the IMF. In January 2013 the EFTA Court finally ruled on the issue, vindicating Iceland of wrongdoing and refusing the UK’s, the Netherland’s and the EU’s claims. Studying the Icesave dispute contributes to understandings of production of international legality trough practices and contested interpretations in the international realm. Article in Journal/Newspaper Iceland Unknown |
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English |
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credit crunch crisis EU Eurocrisis Iceland Icesave international law legality Netherlands UK droit scipo |
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credit crunch crisis EU Eurocrisis Iceland Icesave international law legality Netherlands UK droit scipo Eirikur Bergmann The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch |
topic_facet |
credit crunch crisis EU Eurocrisis Iceland Icesave international law legality Netherlands UK droit scipo |
description |
The Icesave dispute Iceland fought with governments of the UK and the Netherlands revealed inherent weaknesses in the European financial system. Bringing forward tensions between public and private law and falling outside the framework of traditionally neatly compartmentalized law the ambiguity of responsibilities was testing understandings and interpretations of international relations. The paper explores how larger and more powerful countries were politically able to pressure a much smaller state in time of crisis into abiding to their own interpretation of international law and in doing so rallying behind them support of international organizations like the EU and the IMF. In January 2013 the EFTA Court finally ruled on the issue, vindicating Iceland of wrongdoing and refusing the UK’s, the Netherland’s and the EU’s claims. Studying the Icesave dispute contributes to understandings of production of international legality trough practices and contested interpretations in the international realm. |
format |
Article in Journal/Newspaper |
author |
Eirikur Bergmann |
author_facet |
Eirikur Bergmann |
author_sort |
Eirikur Bergmann |
title |
The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch |
title_short |
The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch |
title_full |
The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch |
title_fullStr |
The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch |
title_full_unstemmed |
The Icesave Dispute: A Case Study into the Crisis of Diplomacy during the Credit Crunch |
title_sort |
icesave dispute: a case study into the crisis of diplomacy during the credit crunch |
publisher |
The University of Akureyri |
publishDate |
2017 |
url |
https://doaj.org/article/8d637a804ad4463697541f4b4f0cd8f7 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Nordicum-Mediterraneum, Vol 12, Iss 1, p A1 (2017) |
op_relation |
1670-6242 https://doaj.org/article/8d637a804ad4463697541f4b4f0cd8f7 |
op_rights |
undefined |
_version_ |
1766036399189917696 |