Iceland and UK Foreign Ministers Discuss Icesave Skip to content

Iceland and UK Foreign Ministers Discuss Icesave

Iceland’s Minister for Foreign Affairs Össur Skarphédinsson met with his British counterpart, the UK Secretary of State for Foreign and Commonwealth Affairs David Miliband, in London yesterday to discuss the Icesave dispute.

Iceland’s Foreign Minister Össur Skarphédinsson. Photo by Geir Ólafsson.

Representatives of a special Icesave negotiation committee on behalf of Iceland also attended the meeting, Fréttabladid reports.

According to a statement from Iceland’s Ministry for Foreign Affairs, “There was a frank and productive exchange of views focusing on outstanding financial issues and also the wider bilateral relationship.”

The statement concluded that both sides had agreed to work together on a solution to the Icesave dispute as soon as possible through discussions led by the HM Treasury and the Icelandic Ministry of Finance.

Iceland’s Minister of Finance Steingrímur J. Sigfússon said in a press conference yesterday that matters are developing in a positive direction, that diplomatic relations between Iceland and the UK had been reestablished and that new solutions to the dispute had been discussed.

Skarphédinsson and Miliband also decided after yesterday’s meeting to continue to cooperate on defense and security matters as well as on matters concerning renewable energy, as stated on the website of Iceland’s Ministry for Foreign Affairs.

Click here to read more about Icesave.

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