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Ministry of Finance and Economic Affairs

Meeting on the Icesave matter in London finished

Press Release No. 06/2010

The Government of Iceland today announced that the latest round of talks with the Netherlands and the United Kingdom regarding the Icesave matter have adjourned without a final resolution. Representatives of the three Governments have been meeting in London for the last two weeks.

Icelandic voters will go to the polls on March 6, 2010 to vote on whether to approve the terms of an Icesave deal negotiated with the British and Dutch Governments last summer. The law approving that earlier deal was put to a referendum by Iceland´s President, Ólafur Ragnar Grímsson, on January 5, 2010.

"We had hoped to be able to reach a consensual resolution of this issue on improved terms", said Steingrímur J. Sigfússon, Iceland´s Minister of Finance, "but this has not as yet been possible. Constructive proposals were made by both sides during these talks, but significant differences remain. We will now consult with our negociating team once they are back in Iceland."

The Ministry of Finance, February 25 2010


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