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Old 04-11-2013, 02:54 PM   #7
Thor
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Quote:
Originally Posted by karl262 View Post
With Iceland basically saying that they are not going to pay back any of the money borrowed from other nations' banks, do you think a country will have less faith in any sort of agreement signed going forward?
Where do you get this idea?

Quote:
Fréttablađiđ now reports that the New Landsbanki has paid 73 billion ISK in euros, pounds and dollars to the management team resolving matters for the old bank just before the weekend. This money will very soon be transferred on to the UK and Holland, thereby covering half the money Landsbanki owes to the two countries, who had previously covered the deposits made into Icesave.

While there is no word yet on how much or when the payment after this will be, the plan is to have the Icesave debt fully paid off by October 2018.
http://www.grapevine.is/Home/ReadArt...save-Debt-Paid

Newer story from the UK perspective:

http://www.telegraph.co.uk/finance/n...yers-100m.html
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Last edited by Thor; 04-11-2013 at 02:57 PM.
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