Iceland’s PM Hopes to End Icesave Talks This Week Skip to content

Iceland’s PM Hopes to End Icesave Talks This Week

Prime Minister of Iceland Jóhanna Sigurdardóttir said after a cabinet meeting yesterday that she hopes the Althingi parliament will complete its discussions of the government’s Icesave bill and the Economic and Tax Committee’s disclaimers by the end of this week.

Prime Minister Jóhanna Sigurdardóttir. Photo by Páll Kjartansson.

“Once the Icesave agreement has been approved by Althingi the dispatch of the loan from the International Monetary Fund can be worked on,” the PM told reporters. “When these matters have been completed we can step across a large threshold which has stood in the way of the restoration [of Iceland’s economy].”

Sigurdardóttir said informal talks with British and Dutch authorities on the status of the Icesave bill have taken place and that when Althingi has finished discussing it, she expects formal talks with the UK and the Netherlands to resume, Morgunbladid reports.

“I am not talking about new negotiations but rather discussing the situation after Althingi has passed the bill,” the PM stated. She said neither British nor Dutch authorities have shown any formal reactions to the disclaimers, which are a security measure that shouldn’t call for a counteroffer or new negotiations.

Last weekend, the parliament’s Economic and Tax Committee introduced disclaimers to the government’s bill on state guarantee in the agreement reached between Icelandic, British and Dutch authorities in June. The agreement includes that Iceland will be granted loans to compensate Landsbanki’s Icesave account holders.

Click here to read more about the disclaimers.

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