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Iceland to resume Icesave talks

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. 

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