Deal reached over Iceland repayments
The Netherlands, Britain and Iceland have reached agreement on how to solve their long-running dispute over the repayment of millions of euros lost when online bank Icesave failed, according to local media reports.
International news agency Reuters says Icelandic state radio and the website of media group Visir both say a deal has been reached, without giving details.
A news conference is scheduled for 18.00 hours, Reuters said.
The Netherlands lent Iceland €1.3bn to repay Icesave clients who lost their savings following the bankruptcy. Britain paid savers €2.5bn on Iceland’s behalf.
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