At the same time as the Icesave case continues, the EFTA court has already passed verdict on another Icelandic issue and came down on the site of the Reykjavík authorities: Iceland’s currency control restrictions do not break European law. Read the full story

The EFTA surveillance authority’s decision to take Iceland to court over its unwillingness to accept a state guarantee for Icesave customers in the UK and the Netherlands was greeted in Reykjavík with little surprise. Read the full story

ESA, the EFTA (European Free Trade Association) surveillance authority, has decided to take the Icelandic state to the EFTA court over its handling of the Icesave case. By discriminating against foreign depositors and not reimbursing the British and Dutch governments within one year, it is claimed Iceland broke European law. Read the full story

The application of tax to interest earnings made by foreign companies in Iceland is a direct violation of the European Economic Area treaty, which Iceland is party to — according to a leading tax law specialist. Read the full story

Following a coach accident this weekend, the deputy chief of the Association of Icelandic Tour Guides says that foreign tour companies bringing people to Iceland should be obliged to bring at least one Icelandic tour guide along with them. Read the full story

Last week saw officials from Slovenia and Norway sign an agreement to distribute funds to promote social and economic development in Slovenia. Read the full story

International law specialist at Norway’s Tromso University, Professor Peter Orebech, says that Iceland would actually be breaking EU rules by forcing its tax payers to reimburse the Netherlands and the UK for Icesave debt, which rightfully belongs with the country’s privately funded depositors’ insurance fund. Read the full story

The European Free Trade Association (EFTA) yesterday sent a letter outlining its decision that Iceland is legally bound to insure the minimum deposit guarantee to British and Dutch Icesave account holders. The guarantee is part of Iceland’s EEA (European Economic Area) membership agreement. Read the full story

Ossur Skarphedinsson, the Icelandic Minister for Foreign Affairs believes that Icelandic membership of the European Economic Area is not endangered by the ongoing Icesave dispute. He described such talk as “preposterous”. Vigdis Hauksdottir, MP for the Progressive Party asked Skarphedinsson about the issue in parliament yesterday. Read the full story

If a solution is not found for the Icesave issue soon, Iceland’s European Economic Area membership could be cancelled, according to an Icelandic European political analyst. Read the full story