Sweden's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Bildt: Icesave deal key to Iceland IMF money

Share this article

07:31 CET+01:00
Sweden's Carl Bildt joined a chorus of Nordic foreign ministers on Thursday calling on Iceland to reach a banking payback deal with Britain and The Netherlands.

"Icesave is the key" to getting more money from the International Monetary

Fund, which has so far given Iceland $1.1 billion out of a $2.1 billion loan, Carl Bildt said after a conference of minsters in Copenhagen.

The Nordic foreign ministers raised the pressure on Icelanders, who voted in a referendum last week to reject a a deal to repay Britain and the Netherlands billions of euros for losses from the collapse of online bank Icesave.

Iceland's opposition supported a 'no' vote in the referendum, but the government has said that negotiations will continue.

"Our message is that we want to help Iceland but on condition... that there is parliamentary support for the government in Reykjavik on Icesave," Danish Foreign Minister Lene Espersen told reporters after talks in Copenhagen.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

New Malmö museum will focus on ‘democracy and migration'

Change starts with one small step, whether it be a large or small scale project, it all requires movement. It's a logic that can be applied to starting a new national museum from scratch, especially one with an innovative theme that is going to take several years to come to fruition.