30-Mar-2016: Liquidators' Update, see Deloitte site

Netherlands threatens Iceland's EU bid over lost savings

To put pressure on Iceland to meet agreements about compensation for Dutch savers who lost money in the Icesave bankruptcy, Dutch foreign minister Maxime Verhagen told his Icelandic counterpart that he could block its bid to join the European Union.

Verhagen called Ossur Skarphédisson on Tuesday evening to talk about the stalemate in the Icesave repayment. The Icelandic parliament, the Althing, has postponed a decision on the reimbursement agreement made by the government for Dutch and British victims of the Icesave debacle. A total of 128,000 Dutch savers had some 1.7 billion euros in accounts in this web-based subsidiary of the Landsbanki bank, which was nationalised by the Icelandic government in October 2008.. .

In a reaction, Skarphédisson called Verhagen's remarks "an internal Dutch political issue". Iceland's finance minister Steingrímur Sigfússon said there can be no connection between the Icesave agreement and admission to the European Union.  NRC Handelsblad Netherlands website - 09-Jul-09.