Property and land owned by bankrupt Icelandic bank Landsbanki would raise over €1bn if sold off, and this would go some way to paying off Iceland’s debt to the Netherlands, finance minister Jan Kees de Jager is quoted as saying by Nos television.

Iceland owes the Netherlands €1.3bn which was used to repay savers who lost money when Landsbanki’s internet arm Icesave collapsed.
Last weekend, the people of Iceland rejected a second plan to repay the money. Britain is owed €2.5bn.
Britain and the Netherlands are considering legal action to force Iceland to honour its debts.