Just now the governments of Iceland, the UK and the Netherlands signed an agreement on the repayment scheme of Landsbanki’s Icesave deposits. Negotiations were believed to be at standstill and therefore this sudden solution came as a surprise.

However, negotiations had actually been taken place under a veil of secrecy for weeks—given that this solution is extremely radical they had to be secret, explained Icelandic Finance Minister Steingrímur J. Sigfússon.  01-Apr-10.

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