Iceland Presents New Icesave Draft Skip to content

Iceland Presents New Icesave Draft

icesave-logoThe Icelandic government has almost completed its answer to the EFTA Surveillance Authority regarding the Icesave negotiations with British and Dutch authorities. A draft on a new Icesave agreement was presented to the opposition last weekend.

According to Stöd 2, Lárus Blöndal, the opposition’s representative on Iceland’s negotiation committee, presented the new agreement draft to the opposition parties, Fréttabladid reports.

There are still a few issues of disagreement which are being worked on. The new draft contains loan interests of 2.78 percent while the original agreement stated interests of 5.5 percent.

The draft has also been presented to the Confederation of Icelandic Employers and the executives of Landsvirkjun, the national power company, among other parties.

Leaders of the employment market are said to have been recruited by the Ministry of Finance to pressure the MPs of the opposition to support the draft.

The matter will not be discussed in parliament until it is certain that the new agreement is supported by a majority of MPs. However, the MPs of the opposition want to see the final outcome before declaring their support.

Click here to read more about Icesave.

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