Dutch Foreign Minister Maxime Verhagen is urging Iceland to approve a plan by which it would repay 1.3 billion euros to the Netherlands and 2.6 billion euros to Britain.
The Dutch and British governments compensated savers whose accounts were frozen when Icelandic bank Landsbanki went bust at the end of last year.
He said that if these debts were repaid quickly, it would help Iceland’s claim for admission to the European Union. Iceland’s parliament voted last week to apply for membership in the EU.
Mr Verhagen said that "a solution to the problem of Icesave would encourage rapid consideration of Iceland's bid to join the European Union. It would show that Iceland takes European directives seriously.”
Photo of Landsbanki logo by Brian @ HKG (flickr)
Photo of Landsbanki logo by Brian @ HKG (flickr)
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