A new Icesave offer on the Table? Skip to content

A new Icesave offer on the Table?

According to an article in Vidskiptabladid on Thursday the British and Dutch negotiators have offered the Icelandic government the chance to put forward a new offer in the Icesave-dispute. This offer is much better than the “last and final offer” that the countries put forward this spring.


Representatives of the two countries have sent the message to the Icelandic government that if such an offer were to be put forward the two countries would accept. According to sources of the weekly newspaper this means that this means that Iceland should pay 30 to 50 thousand million ISK (200 to 333 million Euros, 250 to 417 million USD). The previous offer was of the order of 110 thousand million ISK (733 million Euros, 917 million USD).

On top of this, sources of Vidskiptabladid say, Iceland would have to pay what remains of the principal if Landsbanki cannot pay the Icesave bill in full.

The spokesperson for the Ministry of Finance, Rósa Björk Brynjólfsdóttir, told mbl.is that there was no news about the Icesave-discussions.

You can read more about the offer last spring in this document on wikileaks. It gives a table showing the interest calculation.

The condition of this offer is that all parties in Althingi, the Icelandic Parliament would agree to the offer.

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