The European Free Trade Agreement Surveillance Authority (ESA) is taking Iceland to EFTA court over two charges now – one related to finance, and the other to livestock feed.
As many know, EFTA believes Iceland may have broken the terms of the country’s treaty with the organisation by delaying repayment to foreign depositors in Icesave. Specifically, EFTA contends that part of the treaty dictates that governments ensure depositors of any national origin should be able to withdraw their many from a bank within an EFTA country.
The ESA’s official website now reports that they are taking Iceland to court over two matters.
The first concerns a possible violation of Directive 2008/48/EC, which is “an important instrument for harmonizing the EEA legal framework and enhancing the Internal market for consumer credit. The Directive applies to consumer credit loans between 200 EUR and 75 000 EUR”.
The other directive being violated, though, the ESA contends, is Council Directive 90/167/EEC. Here is that directive’s purpose:
[This directive] concerns the preparation, placing on the market and use of medicated feedingstuffs. Medicated feedingstuffs is animal feed to which medication such as antibiotics and anti-parasite treatments has been added. The adding of medicines to feed is often a practical way of administering medication to animals. However, the use of such medicated feedingstuffs should comply with the rules on veterinary medicinal products. This is important to ensure that residues of the medicinal products are eliminated from meat intended for human consumption.
Iceland was given until July 2012 to settle these matters. As the ESA has decided Iceland has failed to do so, they are now taking the country to EFTA court.