Iceland walks out of £2.3bn repayment talks

The collapse of the Icesave in October 2008 bore a heavy toll on savers in the UK and the Netherlands, particularly. National governments in both countries stepped in to compensate savers themselves, for which they are now seeking recompense from Iceland. However, after a week of negotiations, the three governments have been unable to agree on revised payment terms. In a statement, the UK and Dutch governments said they are "very disappointed that despite all the efforts over the past year and a half, Iceland is still unable to accept our best offer on the Icesave loan". It adde...