Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Sherlock Holmes shop
Our Birmingham Shop
Books We're Talking About
Our Bristol Shop
Animators Survival Kit

Icelandic government to repay Icesave loans

28th August 2009

Iceland's parliament has agreed to repay the money paid to savers to compensate losses following the collapse of the online bank Icesave.

The decision follows ten weeks of debate about the issue in the Icelandic parliament about whether the state should guarantee the loans granted by both governments.

Commenting on the decision, Icelandic prime minister Johanna Sigurdardottir said that the issue had 'greatly preoccupied the Althing and the people' since the bank's collapse.

He said: 'This has been its goal. Its conclusion of the matter aims towards securing the recovery of Iceland's financial system and economy.

'This is for the mutual benefit of both lender and borrower.'

Chancellor Alistair Darling committed to guaranteeing the savings deposits of UK Icesave customers prior to the bank's collapse in October.

Prime minister Gordon Brown also said that he would take legal action against the Icelandic government at the time.

Some 300,000 depositors are thought to have been affected by the collapse of the Icelandic bank.

Latest Blog
#FoylesFive: Forlorn Festive Fiction
09/12/2016

Jay from our Birmingham branch gets us in the Christmas mood, or gets us moody for Christmas with his Forlorn Festive Fiction picks.

#FoylesFive: Non-Fiction Picture Books
07/12/2016

Matt from our web team tells us all about his favourite Non-Fiction children's books for this Christmas and beyond.

Damian Barr Revisits a Christmas Classic
06/12/2016

It’s Christmas so this month we had to choose Dickens’s classic festive ghost story, A Christmas Carol.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd