The Economic and Tax Committee of the Icelandic parliament, Althingi, is likely to introduce two disclaimers to the Icesave agreement: that the maximum payment for each savings account will not exceed EUR 20,887 (USD 30,099) and that Iceland will not repay the Icesave loans any longer than until 2024.

According to Morgunbladid, these disclaimers could lead to a new agreement. It is considered unlikely that the contracting parties, British and Dutch authorities, agree to provide loans to the Icelandic Depositors’ and Investors’ Guarantee Fund if the state guarantee will be so limited.  06-Aug-09.

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