Icesave Committee to Meet British and Dutch - The Reykjavik Grapevine

Icesave Committee to Meet British and Dutch

Published February 15, 2010

A negotiations committee has been established for the Icesave matter, which will travel to the UK today to talk with British and Dutch authorities.
According to Vísir, Iceland’s committee is comprised of four people: American law professor Lee Buchheit will lead the committee, with Guðmundur Árnason from the Ministry of Finance and Supreme Court lawyers Jóhannes Karl Sveinsson and Lárus Blöndal. The committee, in the company of advisors, heads to Britain today to talk with British and Dutch officials.
It is reported that this initial meetings will be more of an introduction to the main points of Iceland’s new proposal, rather than a negotiations meeting.
It still remains to be seen whether or not British and Dutch authorities are ready for a new Icesave deal, but that matter is expected to clarify over the course of the next few days.
Officials from the UK and Holland have said they won’t be willing to consider talks with Iceland over Icesave until Iceland can establish a strong multi-partisan base of support for any deal. Last week, ruling coalition and opposition, under the supervision of foreign advisors, reached an agreement on a new proposal for British and Dutch authorities: rather than pay interest on Icesave, they will re-pay it faster.


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