Iceland hits impasse over lost savings

Article reports that Iceland’s parliament was deadlocked August 2009 over a controversial deal to reimburse the UK and the Netherlands for €3.9bn of savings lost in failed Icelandic banks in 2008.

The issue threatened to tear apart Iceland’s coalition government and jeopardise international support for the country’s economic recovery efforts.

NRC Handelsblad, 14.8.09: Icelanders march against Icesave deal http://www.nrc.nl/international/article2329416.ece/Icelanders_march_against_Icesave_deal

ESO: Background information: Icelanders are angry but will make sacrifices http://www.europeansources.info/record/icelanders-are-angry-but-will-make-sacrifices/

The Economist, 14.8.09: Iceland and the European Union: The Icesave Bill http://www.openeurope.org.uk/media-centre/article.aspx?newsid=2572

ESO: Background information: Iceland agrees deal on foreign bank deposits http://www.europeansources.info/record/iceland-agrees-deal-on-foreign-bank-deposits/

Iceland: Ministry of Finance: Press Release, No.33, 2009 (12.6.09): Agreement reached on Icesave commitments http://eng.fjarmalaraduneyti.is/Frontpage-fjr/nr/12238

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