info.LandsbankiAction.org.gg   30-Mar-2016: Liquidators' Update, see Deloitte site

Iceland at risk of isolation over failure to repay loans

Talks between Iceland and the Treasury over the repayment of a $5 billion (£3.3 billion) bailout loan hit a stalemate yesterday after the Government in Reykjavik insisted that the proposed interest bill was too onerous.

While Johanna Sigurdardottir, the Icelandic Prime Minister, said that she hoped a deal was still possible in the short term, Britain and the Netherlands, which are owed the money, are dismayed that a revised interest repayment schedule has been rejected.

If the stalemate continues, it is expected that Icelanders will effectively vote to reject repaying the money in a referendum scheduled for March 6.  27-Feb-10.

http://business.timesonline.co.uk/tol/business/markets/europe/article7043273.ece