Iceland postpones reimbursement of Dutch, British savers
Iceland's parliament agreed on 23 July to break for the summer without having passed a controversial bill to guarantee repayment of billions lost in Icelandic accounts to Britain and the Netherlands.Reykjavik agreed in June to reimburse the two countries for compensating people holding so-called Icesave accounts at Landsbanki, one of three top Icelandic banks that failed last year under the weight of massive debts. Some 300,000 people in Britain, and others in the Netherlands, had funds deposited in the accounts. The bill now in parliament could leave Icelandic taxpayers footing much of the cost and is widely unpopular among politicians and the public, already anxious about the decision last week to seek to join the EU.
No comments:
Post a Comment