After constructive deliberations, the Dutch and Icelandic governments have agreed on a solution regarding the Dutch depositors of Landsbanki IceSave savings accounts.
This was announced by the Dutch minister of Finance, Wouter J. Bos and the Icelandic minister of Finance, Arni M. Mathiesen.
Both ministers are pleased that they have found a solution on the matter. Minister Bos said that he is especially glad that there is now clarity for the Dutch depositors. Minister Mathiesen added what mattered is that the issue is now solved.
The agreement states that the Icelandic government will compensate each Dutch depositor up to a maximum of 20.887 euro. The Dutch government will provide a loan to Iceland to enable this restitution and the Dutch Central Bank is to settle the depositors’ claims.
@Anna
The deal made reflects the guarantees given by Icesave. Which were:
– 20.887 guaranteed by Iceland
– the rest (originally 90% of 20k, now 80k) guaranteerd by the Netherlands.
That is the way it was, and still is the way it is. So the Icelandic government is now honouring their complete promise / guarantee, and not just part of it.
The only new thing is that the money will be a loan from the dutch government, but well… there is – in my view – no other way this could have been done.
So I am terribly sorry, but you are wrong. The agreements reached, reflect the guarantee system as it was in operation (and still is, for a bank like Argenta).
So, in effect, it’s a good deal for both Iceland (because the money gets paid back when the economy revives) and the dutch (because all promised money will be back soon).
For minister Mathiesen, of course. He made a deal that “he” only has to repay a part the deposits, and problably spread over a long period.
for who is this a good deal
good deal