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

Iceland draft deal with Britain said ready

(Reuters) - Iceland's business lobby said on Tuesday it had seen the outline of a draft deal on repaying Britain and the Netherlands and that it was much improved from one rejected by voters in March. . .

. . . which would involve Iceland repaying 40-60 billion Icelandic crowns (224 million pounds) to the British and Dutch.

That is much lower than the $5 billion (3 billion pounds) that the governments paid out to investors in high-interest Icelandic bank accounts though it is understood that a big portion of the debt could be covered by a sale of assets in failed bank Landsbanki.

The Dutch and Icelandic finance ministries said no deal had been reached but that progress was being made. 16-Nov-10.

http://uk.reuters.com/article/idUKTRE6AF3M320101116