No Meetings Scheduled for New Icesave Talks Skip to content

No Meetings Scheduled for New Icesave Talks

By Iceland Review

Minister of Finance Steingrímur J. Sigfússon said on Tuesday that no decisions have been made on re-launching negotiations on the Icesave loan terms with the governments of the UK and the Netherlands. The situation is the same as before Easter.

Steingrímur J. Sigfússon. Photo by Páll Kjartansson.

Last weekend it was reported that there were certain indications that Icesave talks were about to resume. That no longer seems to be the case.

Yet the minister would not rule out that Icesave talks can resume before the parliamentary elections in the UK on May 6, since a lot can happen in one month, Morgunbladid reports.

It has been decided within the British administration that negotiations on important issues that are still unresolved shortly before the elections will have to wait. However, there might be a window for reopening talks, as long as they occur in the coming days.

International financial analysis company Moody’s announced yesterday that the outlook for the credit rating of the Icelandic state, Landsvirkjun (the national power company) and Reykjavík Energy has been changed from stable to negative, mainly because of the uncertainty surrounding Icesave.

Click here to read more about Icesave.

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