Icesave Debate in a Knot in Iceland’s Parliament Skip to content

Icesave Debate in a Knot in Iceland’s Parliament

Uncertainty surrounds the fate of the government’s proposition on state guarantee in relation to the agreement between Icelandic, British and Dutch authorities on Iceland’s obligations towards Landsbanki’s Icesave account holders.

The headquarters of Landsbanki in Reykjavík. Photo by Páll Stefánsson.

The proposition is currently in the hands of the parliament’s Economic and Tax Committee that last week proposed disclaimers be included in the agreement, but that hasn’t changed the attitude of those who are against the agreement, Morgunbladid reports.

Gudbjartur Hannesson, MP for the Social Democrats and chairman of the Economic and Tax Committee, said there is not disagreement about the proposition itself but rather about how to phrase the disclaimers.

The committee will meet again today to discuss the matter. According to Morgunbladid, it is unlikely that a conclusion can be reached on Icesave unless further changes are made to the agreement.

There are also indications that MPs of the Left-Green Movement, who form the coalition government with the Social Democrats, are increasingly against the Icesave agreement.

Click here to read more about Icesave.

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