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...Much of the British press took a different line, accusing King of a clumsy flip-flop; some even suggested he should ponder his future. Both suggestions seem unfair. The cash made available to the banks is being put up at a punitive rate, meaning those that access the funds will be charged interest well above the central bank's base rate of 5.75%. And it's hardly a jackpot; banks are limited in how much they can draw on. The cash boost, says David Buik at BGC Partners in London, is "purely symbolic." Besides, Buik says, how much help...
...geologically linked to their territory. (If it is - if the ridge is an extension of their continental shelf and, therefore, an extension of the country's coastline - it could mean legal rights to a greater chunk of the sea for Denmark.) "I'm sure that the foreseeable easier access to the North Pole and potential oil in those areas is a tremendous focus of the Danish politicians," says Jakobsen. He says the talks, part of a commission's report that's due out about increasing Greenland's autonomy, are held up because Danish and Greenlandic politicians "can't agree...
...harvesting whatever Greenland's icy waters may yield - not to mention the resources under the polar cap - is a long way off. The sea ice is still too thick in most places to access reserves that may or may not exist, and the technology to drill in these inhospitable conditions is not there yet. "If anybody has reached anything, we haven't heard about it," says Mr. Steen Ryd Larsen, who heads the department in charge of Greenland in the Danish Prime Minister's office. "And if somebody reaches the resources, it would be another decade before it generates income...
Smider ’01 insists that there will be other opportunities to gain access to Upper Hall...
With time, though, the focus would shift “from what she didn’t have to what she did have access...