Iceland seeks debt mediator
ICELAND has approached several governments about the possibility of mediating talks on more than £3.1 billion owed to Britain and the Netherlands.
Reports this weekend indicate Norway is the most likely candidate for such a role. Oslo is seen as sympathetic to Iceland's plight and mediated between London and Reykjavik in the 1970s "cod wars" over fishing rights.
Iceland owes the British and Dutch governments the money for losses related to the collapse of Icesave online bank accounts in late 2008, but repayment terms have yet to be settled.
No-one at the Icelandic foreign ministry would confirm the move yesterday, but earlier this month Iceland's president refused to sign a law setting out the terms, forcing a referendum on the issue and holding up international aid which is vital for recovery in Iceland's stricken economy.
Email to a friend
Print this page- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- Police investigate death of man, 31, on West Highland Way
- Leveson Inquiry: Tony Blair defends ‘working relationship’ with Rupert Murdoch
- Craig Levein insists Scotland will recover from US thrashing
- The Rumour Mill: Monday’s football news and gossip
- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- The Rumour Mill: Monday’s football news and gossip
- Craig Levein insists Scotland will recover from US thrashing
- James McPake set for Coventry talks as Hibs wait in wings
- Scottish independence: Labour voters ‘will deliver independence’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Monday 28 May 2012
Today
Sunny
Temperature: 9 C to 22 C
Wind Speed: 20 mph
Wind direction: North east
Tomorrow
Cloudy
Temperature: 9 C to 14 C
Wind Speed: 13 mph
Wind direction: North east
