Brits Said Open for New Icesave Deal with Iceland Skip to content

Brits Said Open for New Icesave Deal with Iceland

The Icesave negotiations in London are allegedly moving in the direction of a new agreement on the terms of the loans the British and Dutch authorities are granting Iceland to repay the Icesave deposits.

Photo by Páll Stefánsson.

According to Fréttabladid’s sources, the British government is prepared to renegotiate on various items of the current agreement, on the interest rate of their loan and an interest-free period.

The Financial Times reports today that Chancellor of the Exchequer Alistair Darling is prepared to review the loan terms, especially the interest rate, but that he insists that Icelanders pay the loan back in full.

The attitude of the Dutch authorities was not mentioned in the FT article, as stated on visir.is.

Click here to read more about the Icesave talks and here to read the full story on FT.com.

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