30-Mar-2016: Liquidators' Update, see Deloitte site

Iceland deal may be put to vote

Icelanders may demand another referendum before agreeing to pay the £2.2bn owed to Britain after the collapse of Landsbanki's UK retail bank Icesave.

The latest deal, under which Reykjavik will repay the sum plus interest at 3.2%, is regarded as far better than the previous scheme, which set the rate at 5.5%.

Johannes Skulason, a senior figure in the InDefence campaign that opposed the last deal, said many Icelanders were still sceptical.

'People are trying to work out what this will cost our country and at the moment the view is still mainly pretty negative,' he said.  19-Dec-10.