The British authorities have decided to put GBP 800 million into the accounts of British depositors in IceSave, MBL reported.
Alistair Darling, the British Minister of Finance, confirmed this decision in a statement earlier today.
About 300 thousand Britons had IceSave accounts in Landsbanki and have deposited around GBP 4 billion there.
The Financial Supervisory Authority took over Landsbanki exactly one month ago and closed all IceSave accounts.
This resulted in British authorities applying anti terrorist laws against Iceland and on 8th October they froze Landsbanki assets in United Kingdom. Since then, the Icelandic and British authorities have hotly debated responsibility for the guarantee for British depositors in IceSave. Official relations have remained friendly; but a final agreement has still not been reached.
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Well, the UK government doesn’t want it’s countrymen to wait forever to get a t least part of their investment back from Iceland, and so they move ahead. But don’t get confused, they’ll present the bill! Read this article about Eropean governements, most promintently the UK, blocking the IMF loan until an agreement is reached on the bank debts:
http://www.icelandreview.com/icelandreview/daily_news/?cat_id=16539&ew_0_a_id=314937
No surprise. Icelands government can’ simply shrug their shoulders when confronted with the misery of hundreds of thousands savers. Haarde and his gang at least have to come up with a realistical plan. The problem won’t go away by ignoring it!
Again misreporting. No terrorist law was applied to Iceland. Further, the reason given wasn’t “Icelandic insolvency”, it was that the Icelandic govenment was not going to honour the deposit guarantee.
Now you may disagree with Darling’s interpretation or honesty when he said that, but that’s very different from making stuff up.