BREAKING NEWS! Icesave Dispute Resolved Skip to content

BREAKING NEWS! Icesave Dispute Resolved

By Iceland Review

Just now the governments of Iceland, the UK and the Netherlands signed an agreement on the repayment scheme of Landsbanki’s Icesave deposits. Negotiations were believed to be at standstill and therefore this sudden solution came as a surprise.

However, negotiations had actually been taken place under a veil of secrecy for weeks—given that this solution is extremely radical they had to be secret, explained Icelandic Finance Minister Steingrímur J. Sigfússon.

The minister wouldn’t go into details at this point but promised to explain the situation thoroughly in a press conference with Prime Minister Jóhanna Sigurdardóttir and representatives of the British and Dutch governments tomorrow.

Despite all the secrecy, some details of the agreement were leaked and are covered in today’s Daily Life column. Stay tuned for more news on this breakthrough tomorrow.

Click here to read more about Icesave.

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