Icesave Dispute Resolved This Week? Skip to content

Icesave Dispute Resolved This Week?

Prime Minister Jóhanna Sigurdardóttir said in her speech at the Althingi parliament yesterday that she hopes an agreement with British and Dutch authorities on how to proceed regarding the repayment of the Icesave deposits will be at hand in a few days.


Prime Minister of Iceland Jóhanna Sigurdardóttir. Photo by Páll Kjartansson.

However, Árni Thór Sigurdsson, chairman of the parliament’s Foreign Affairs Committee told Morgunbladid that it is not at all certain that a solution to the dispute will be determined this week.

“There are certain items on which there is still disagreement and progress will naturally be determined by whether a solution to all of these items will be found,” Sigurdsson explained, adding that the committee will discuss the situation in the coming days.

As to what caused the thaw in the Icesave talks, Sigurdsson referenced a changed political landscape in the UK and the Netherlands and a new economic situation.

“Many things have changed since we were battling this last time. The political situation has of course changed in these countries and the economic situation has changed, both in the UK and the Netherlands, and in Iceland,” Sigurdsson stated.

“I believe this is the reason that they are now increasingly interested in finding conclusions acceptable to all parties,” the MP interpreted.

“The changed situation can, among other reasons, be explained by how the new governments in the UK and the Netherlands don’t feel tied by what the former governments have said and done in this case. Their hands are free,” he elaborated.

“It could also be that there are economic reasons for them wanting to put more effort into it than they have done until now,” Sigurdsson concluded.

Click here to read more about Icesave.

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