An Icelandic cabinet meeting at the official presidential mansion of Bessastadir has ended and the reshuffle of the government is now official. One departing minister made his last official act to approve a Dutch application to bring old Russian fighter jets to Iceland for international war games. Continue Reading

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. Continue Reading

Formal discussions over the Icesave dispute between Iceland, the Netherlands and the United Kingdom have been scheduled for the beginning of September. Continue Reading

An EU commissioner's assertion that there is no legal provision for state guarantees of bank deposits in the European Economic Area (EEA) could prove important for the Icelandic government in dealing with Icesave. Continue Reading

An Airbus A333 passenger jet on the way from Amsterdam to Detroit yesterday had to make an unscheduled stop in Iceland to offload a sick passenger. Continue Reading

The Icelandic finance minister says that meetings with the British and Dutch Icesave negotiating committees have started again and are going well. He said that the teams took off where they left off and everyone is still searching for the best mutual outcome. Continue Reading

The negotiation committee representing the Icelandic government on the Icesave issue met yesterday and today with representatives of the UK and Dutch governments in Reykjavík for discussions. Continue Reading

Dutch and British negotiators have been unavailable for talks to resolve the Icesave dispute with Iceland because of elections in both countries; but high-level communication has not stopped altogether, says Icelandic Minister of Finance, Steingrimur J. Sigfusson. Continue Reading

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. Continue Reading

Three Dutch citizens, who were arrested in Iceland in connection with the smuggling of three tonnes of hashish, have been released. Four more are still being held in the Netherlands over the case. Continue Reading