Comments by the Minister of Economic Affairs regarding statements before a Dutch parliamentary committee
Comments given in testimony to a Dutch parliamentary committee by a former official of the Dutch National Bank contain grave allegations about the veracity of statements made by Icelandic regulators to their foreign counterparts prior to the collapse of Icelandic banks in the Fall of 2008.
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National referendum to take place as soon as possible
The Icelandic Parliament, Althingi, convened today to debate a Government bill regarding the preparation for a national referendum on the so-called Icesave legislation. This comes in the wake of the President of Iceland´s decision on 5 January not to sign into law a bill which provides for a state guarantee of loan repayments to the British and Dutch governments. According to Article 26 of the Constitution, a national referendum must take place should the President not sign a bill into law.
More...The Government of Iceland remains fully committed to honour Iceland's obligations
The Government of Iceland has decided to hold a national referendum on the so-called Icesave legislation, following broad consultations with both coalition and opposition parties as well as employers' associations and labor unions. The referendum is expected to take place late February.
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The Government committed to the Economic Program
The President of Iceland has declined to sign a law authorising a state guarantee for repayment of loans provided by the UK and the Netherlands to the Depositors' and Investors' Guarantee Fund, intended to cover payment of the minimum deposit guarantees to depositors in the UK and Netherlands branches of the failed Landsbanki Íslands hf.
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IMF Mission to Iceland completes visit for second review
The IMF mission to Iceland has completed its visit, in conjunction with the second review under the fund‘s Stand-By Arrangement.
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