First Icesave Meeting in London Not Fruitful Skip to content

First Icesave Meeting in London Not Fruitful

“It think it is safe to say that they weren’t overcome with joy,” Minister of Finance Steingrímur J. Sigfússon said of the reactions of the British and Dutch negotiators to Iceland’s ideas on a new solution to the Icesave issue.

Finance Minister Steingrímur J. Sigfússon. Photo by Páll Kjartansson.

The negotiation committees of the three countries met in London yesterday where the Icelandic committee presented its ideas in detail and Iceland’s negotiation parties asked many questions, Sigfússon described to

After the meeting Sigfússon had a telephone conference with the Icelandic negotiation committee along with Foreign Minister Össur Skarphédinsson and the chairmen of the two largest opposition parties, Bjarni Benediktsson and Sigmundur Davíd Gunnlaugsson.

Sigfússon said it is uncertain whether another meeting will be held today as he is hoping for. “I hope there is a possibility to continue with this matter.”

The minister would not discuss Iceland’s ideas with the media. “It is all confidential. We are not going to negotiate through the media.”

The Icelandic Ministry of Finance sent out a press release yesterday evening, confirming who is on the Icelandic negotiation committee.

Heading the negotiation committee is US attorney Lee C. Buchheit. Other members of the committee are the permanent undersecretaries of the Ministries of Finance and Foreign Affairs, Gudmundur Árnason and Einar Gunnarsson, respectively, Icelandic attorneys Jóhannes Karl Sveinsson and Lárus Blöndal, the latter representing all the parliamentary opposition parties.

They are advised by Donald J. Johnston, former secretary-general of the OECD, as well as experts from the corporate advisory firm Hawkpoint and the international law office Ashurst, the press release stated.

Click here to read more about Icesave.

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