Icesave repayment talks collapse

Talks have collapsed between Britain, the Netherlands and Iceland about repayment of £3.4bn (€3.8bn) lost by depositors in the failed online bank Icesave, raising fears that the country will fail to meet its obligations. Iceland rejected an offer to soften repayment terms made by the United Kingdom and the Netherlands, British officials said on the 25 February 2010.

ESO: Background information: Iceland faces softer repayment terms http://www.europeansources.info/record/iceland-faces-softer-repayment-terms/

BBC News, 26.2.10: Iceland repayment talks collapse http://news.bbc.co.uk/1/hi/business/8537862.stm

Iceland: Ministry of Finance: Press Release, 25.2.10: Meeting on the Icesave matter in London finished http://eng.fjarmalaraduneyti.is/news/nr/12927

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