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Reykjavik has won a lower interest rate on its banking debt to the UK and the Netherlands (Photo: Eivind Sætre/norden.org)

Icesave deal with UK, Netherlands to go before parliament

Iceland's long-simmering row with the Netherlands and the UK over the fall-out of collapsed bank Icesave appears to be over, with the country's negotiators brandishing a deal that has seen London and the Hague back down to a degree from an earlier position domestic voters viewed as 'bullying.'

A bill covering the new deal will be presented to the Icelandic parliament, the Althingi, on Thursday (16 December) and discussed by the chamber in mid-January.

The terms of the agreement, r...

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Reykjavik has won a lower interest rate on its banking debt to the UK and the Netherlands (Photo: Eivind Sætre/norden.org)

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