LANDSBANKI Guernsey depositors are the worst-affected by the Icelandic financial crash, and Iceland may now never re-compensate [sic] the UK, it has been claimed.

Hundreds of thousands of Iceland residents have joined an insurrection proposing that the UK and Netherlands, which lent the country the money to bail out foreign savers when Landsbanki collapsed in October 2008, should not be recompensed.

Over the past year they have become increasingly unhappy about bearing this cost saying it will make their already huge debt impossible.

An article in the Sunday Telegraph business section yesterday said that of all those affected, one group of Channel Islanders was hit hardest.

‘But the worst affected people – even more so than Icelandic and British taxpayers – are the 800 savers in Landsbanki Guernsey who lost access to their entire life savings,’ said business journalist Rowena Mason.

‘They were not covered by the UK Government’s bail-out,’ she added. 08-Mar-10.

http://www.thisisguernsey.com/2010/03/08/landsbanki-guernsey-savers-are-the-worst-off-of-the-lot/

[See referenced Telegraph article by Rowena Mason HERE.