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Collapse of Icelands Goverment and CCP
Elsabolts
Member RarePosts: 3,476
in EVE Online
Dose anyone know if this is going to affect the game or hinder it.
" Life Liberty and the Pursuit of Those Who Would Threaten It "
MAGA
MAGA
Comments
i heard that most their assets are in london, if need be they could relocate there and their irl isk is coming in from all over the world so they;re not isolated.
i
BestSigEver :P
CCP for the Iceland Goverment I say, then that will sort that problem out and they should change they currency to ISK's too :P
Bandit.
Asbo
the currency of Iceland is already the Isk (Icelandic krona). i dont think it's good in another galaxy however.
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MMO Name: InVictus Kell
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www.escapistmagazine.com/news/view/88348-Will-CCP-Leave-Iceland
I dont think it will have any major impacts on the game, they have set up offices in the US and in China. If they have to relocate it wouldn't be that hard I think.
The CSM is going to run the affairs of Iceland until such time as the CSM deems that the Icelandic people can run their own affairs.
Reports that all newspapers will be REQUIRED to run an additional section called "COAD" are not confirmed, but according to inside sources is true.
Stay Tuned!
S*D
It's both good and bad.
The used to have a problem because the Icelandic Krona used to be very strong. This was a problem because all their income was in dollar or euro but all most of their expenses where in ISK. At one time they where actually looking at relocating from Icland for that reason.
So the current crisis means that they are making relatively much more money now than before.
The current reason for considering relocating are due to the Icelandic government imposing new draconian rules about bringing outside investment money to Iceland. Investment money they probably want to fund the development of the WoD mmo perhaps other future products.
"Memories are meant to fade. They're designed that way for a reason."
there was a rumour about a server farm in a ex-NATO hangars iceland got 2 things cheap electricity and cold climate
BestSigEver :P
According to CCP it doesn't affect them. Worst case they just declare their HQ to be the White Wolf Studios in the US or their offices in Brittain. Their income isn't tied to the Icelandic Kronor (ISK) so it doesn't really affect them.
"A ship-of-war is the best ambassador." - Oliver Cromwell
It only affects them if they are currently seeking new investment (for other projects or an expansion perhaps).
Still doesn't affect them. As mentioned they have offices in 3 other major countries.
CCP: China
CCP: Britain
CCP: USA (White Wolf Studios)
If they need investment they can get it easily. CCP is globalized, it's not tied to Iceland's fate.
"A ship-of-war is the best ambassador." - Oliver Cromwell
CCP gets money from stable currencies like the Euro and the Pound, as well as semi-stable 2nd world currencies like the Dollar.
I doubt that CCP will have any problems arising from their home country's distress.
S*D
Still doesn't affect them. As mentioned they have offices in 3 other major countries.
CCP: China
CCP: Britain
CCP: USA (White Wolf Studios)
If they need investment they can get it easily. CCP is globalized, it's not tied to Iceland's fate.
The recession is a global one. China, Britain and the U.S.A. are all experiencing downturns too. It's not just Iceland that is in trouble.
Iceland was previously one of the world's easiest places to get investment.
Neither the Euro nor the Pound are all that stable currently.
The Pound in particular is far less stable than the Dollar. It's halved in value against the Dollar in the last 9 months while the Euro is facing it's first serious stability test in history. Many of it's member countries are considering abandoning it entirely.
Since most of CCPs income is in dollars and Euro they should be doing well, salary costs, rent, electricity and so on should be lower for them today.
But if things gets really bad they can always move their office to the White wolf studio where they are making World of darkness online. I don't think this will affect Eve in any way.
Since most of CCPs income is in dollars and Euro they should be doing well, salary costs, rent, electricity and so on should be lower for them today.
This is an excellent point. Their income should actually have greatly increased in local terms.
Iceland's lax borrowing and investing is part of why they collapsed as hard as they did.
Why it has hit them so hard is the same reason it has hit Britain so hard. Banking was their primary industry. An extremely large porportion of their GDP was dependant on that sector.
Still doesn't affect them. As mentioned they have offices in 3 other major countries.
CCP: China
CCP: Britain
CCP: USA (White Wolf Studios)
If they need investment they can get it easily. CCP is globalized, it's not tied to Iceland's fate.
The recession is a global one. China, Britain and the U.S.A. are all experiencing downturns too. It's not just Iceland that is in trouble.
Iceland was previously one of the world's easiest places to get investment.
China Britain and the USA aren't in danger of collapsing the way that Iceland did. Iceland's problems were unique because their entire industry was based on a failed banking system. When the cards started to collapse they took Iceland's entire economy with them. While it IS a global recession odds are that the USA and China will be among the first to recover. Followed closely by other countries.
In fact it was Iceland's investment policies which has gotten them into so much trouble in the first place and caused the complete collapse of their economy.
"A ship-of-war is the best ambassador." - Oliver Cromwell
Neither the Euro nor the Pound are all that stable currently.
The Pound in particular is far less stable than the Dollar. It's halved in value against the Dollar in the last 9 months while the Euro is facing it's first serious stability test in history. Many of it's member countries are considering abandoning it entirely.
Name one, and link to it or an article in any major business magazine in europe (i get them all).
This post made me laugh, the dollar has lost well over 50% of its value and is being abandoned, albeit slowly, by organizations like OPEC and even Americas allies as a currency of reserve. But still people with more patriotism than sense have to post nonsense online.
Chuckling.
Yours in Euro Plasma,
Star*Dagger
Last year the Pound was worth 2 Dollars. This year it is worth 1 Dollar.
Since you get all the business publications in Europe, you already know that.
If you think my posts have anything to do with patriotism you are sorely mistaken. I'm British, not American. My currency and economy is doing miserably compared to yours and theirs both.
Your posts on the otherhand have the the clear smell of a Euro idealogue.
One danger for the Euro in the current climate is that countries such as Greece, Italy and Ireland will leave in order to devalue their currencies against their primary export markets (the eurozone). But since you have read every major business publication in Europe, you already know that too. On the otherhand stronger economies like France and Germany may also wish to leave so that they are not left financially propping up the weaker if they fail to leave. Again, you already knew this of course, since you are so well read. This is the Euro's first big financial crisis. It doesn't have any particular rock solid track record of stability. It is too new to.
I won't waste my time linking you to articles you have already read.
Still doesn't affect them. As mentioned they have offices in 3 other major countries.
CCP: China
CCP: Britain
CCP: USA (White Wolf Studios)
If they need investment they can get it easily. CCP is globalized, it's not tied to Iceland's fate.
The recession is a global one. China, Britain and the U.S.A. are all experiencing downturns too. It's not just Iceland that is in trouble.
Iceland was previously one of the world's easiest places to get investment.
China Britain and the USA aren't in danger of collapsing the way that Iceland did. Iceland's problems were unique because their entire industry was based on a failed banking system. When the cards started to collapse they took Iceland's entire economy with them. While it IS a global recession odds are that the USA and China will be among the first to recover. Followed closely by other countries.
In fact it was Iceland's investment policies which has gotten them into so much trouble in the first place and caused the complete collapse of their economy.
40% of Britians GDP is derived from banking. 30% of Icelands GDP is derived from banking.
We don't just have the same economic problem as Iceland, we have it in a significantly larger porportion.
Actually the US is not done yet. They are preparing major money pumping into unhealthy companies. The worst is yet to come there. As for China, they will be hit very hard by that too, because they rely heavily on export. And guess what, US is their biggest client. They are as dependant on the dollar as the US themselves by now.
The only good way to deal with current situation is to let the market weed out the unhealthy companies. And yes, that will make loads of ppl unemployed (the reason why they are foolishly trying to save those companies atm). Now instead US is taking new loans on top of their monstrous debts already to save those crap companies, making it even a worse disaster further on. But then without a social net (cant be funded anymore by that time) for the unemployed.
Healthy companies, even with low stock market values (like every company has atm) will survive, even in Iceland.
And no, Im not Republican (not even American), but just realistic about the way Capitalism should work to prevent it from collapsing totally.
Everything you learned about "how capitalism is supposed to work" is out the window.
The govts are GUESSING and TRYING to avoid disaster. The old theories proved to not work. Enjoy.
S*D