Iceland to resume Icesave talks
Share
Iceland is preparing to reopen talks with the Netherlands and Britain to discuss new proposals on the Icesave debt dispute, according to reports.
According to a Reuters report, Iceland’s compromise proposal is understood to involve a quicker repayment of the country’s debt with a sale of failed bank assets.
Britain and the Netherlands covered losses incurred by savers who invested in Landsbanki’s Icesave online high-interest savings accounts and are pressing Iceland to repay £3.5bn after the bank’s failure in October 2008.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
