Iceland will meet Britain and the Netherlands in London on Monday to present a new proposal for repaying more than $5 billion (3.2 billion pounds) lost in Icelandic bank accounts, sources familiar with the plans said. . .

A Icelandic government source has said the new proposal involves quicker repayment of the country's debt from a sale of the assets of failed bank Landsbanki.

A spokesman at Iceland's finance ministry said the government hoped to present the new proposal "very soon."

One creditor nation source said he "could not rule out" that the talks would stretch more than one day.

The source also said the talks were not likely to be at the highest levels, particularly as European Union finance ministers are meeting early this week to focus on the public debt crisis in Greece.  IBTimes website - 15-Feb-10.

http://www.ibtimes.co.uk/articles/20100215/icesave-talks-start-london-monday-sources.htm