Iceland Vetoes Icesave Compensation

In a decision with profound implications for his country's future, the Icelandic president vetoed legislation to compensate U.K. and Dutch depositors for $5.5 billion in losses from the collapse of the popular Internet bank.

Topics:  icelandic   u.k    dutch   internet   
BING NEWS:
  • Failing banks, winning economy: the truth about Iceland’s recovery
    Even individuals that were not in finance played the game: the Netherlands and the UK in particular made deposits with Landsbanki under what was known as ‘Icesave’. “In essence, after the rapid ...
    08/16/2020 - 5:57 am | View Link
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