InfoAnda - Iceland to pay back Icesave cash

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Nissan-Renault signs electric car deal in Victoria | 4 August 2009
Independent streak flashed by newest Democrats | 25 April 2009
US military deaths in Afghanistan region at 791 | 7 October 2009

Israel's Barak probes U.S. on settlements, missiles | International | | 2 June 2009

Forum Views () Forum Replies ()

Read more with google mobile : Iceland to pay back Icesave cash

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Iceland to pay back Icesave cash AFP - Saturday, August 29 REYKJAVIK (AFP) - - Iceland's parliament on Friday approved a controversial deal to pay back billions of euros (dollars) lost by British and Dutch savers in the collapse of the online Icesave bank. ADVERTISEMENT The deal provides for the payment of 3.8 billion euros by 2023 to the British and Dutch governments for the compensation they forked out to disgruntled savers. In Parliament, 34 MPs voted in favour of the accord, while 14 opposed it and 14 abstained. One deputy was not present for the vote. Icesave, an online subsidiary of the Landsbanki bank which had to be rescued in October 2008, attracted over 320,000 British and Dutch savers due to its high interest rates. But they lost their savings when accounts were frozen during last year's credit crunch. The British and Dutch savers were partially compensated by their own governments, which then turned to Reykjavik looking for the money paid out. Prime Minister Johanna Sigurdardottir welcomed the Althing's, or parliament's, decision. "This is one of the largest financial and economic issues ever faced by Iceland and it has greatly preoccupied the Althing and the people since the collapse of the banking system last autumn," she said. "The guarantee of the combined loans from the United Kingdom and the Netherlands constitutes the single largest financial commitment ever undertaken by the government of Iceland," she said. Sigurdardottir in early June reached agreement with the British and Dutch governments on the compensation plan but it required approval by parliament. The debate had dragged for weeks as the general public largely opposed the deal amid fears it would plunge crisis-ridden Iceland into poverty for several decades. Sigurdardottir finally won the approval of most MPs following amendments that restrict payments to a percentage of economic growth and assurances that Iceland's natural resources cannot be used as collateral. Iceland, until recently one of the wealthiest countries in the OECD, experienced a decade of economic prosperity based on its aggressive banking sector. But late last year, its key lending institutions were laid low by the global finance meltdown, pushing the economy to the verge of collapse. In October 2008, the government had to take control of the country's three leading banks as thousands of people lost their jobs and their savings in the crisis. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Enlarge Photo The logo of Icesave, the online British arm of Iceland's second biggest bank, Landsbanki. Iceland's parliament on Friday approved a controversial deal to pay back billions of euros (dollars) lost by British and Dutch savers in the collapse of the online Icesave bank. Most Popular – Top Stories Viewed Kidnapped US girl walks into police station 18 years on Boeing delays 787 Dreamliner first delivery to late 2010 Microsoft apologizes for photo gaffe AIG extends improbable rally as bears squeezed Stanford group finance officer admits huge fraud View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 29 August 2009
Iceland to pay back Icesave cash
Chip maker Intel raises revenue forecast
Iran slows nuclear work but pressed on bomb suspicions | International |
Iraqis mourn death of key Shi'ite party leader
Tick saliva could hold cancer cure: Brazilian scientists
Big Blue dreams of a big green battery
Dutch court blocks girl's solo global sailing bid
Nixon enlisted secret service to spy on Ted Kennedy
Iran president wants opposition leaders punished
U.S. unveils new rules on border searches of laptops
Eulogies for Iraqi Shiite leader reflect worries
Scots divided over release of Lockerbie bomber | International |
South America tries to ease rift over U.S. military | International |
IAEA extends probe of alleged secret Syria atom site | International |
Flixster's Movies aims to connect film fans | Technology |
Opposition looks to reshape Japanese economy
Flat incomes raise doubts about economic recovery
NKorea to free SKorean fishermen as tensions ease
Obama's aging czar sees issue as unifying force
Ohio soldier made 2 calls to mom telling of abuse
Fla. governor taps ex-aide to replace US senator
Australia debates whether Aboriginal policy racist
Kennedy memorial speakers include family, friends
Dozens hurt by ammonia leak at Calif. meat plant
South American leaders attack US bases plan
Malaysia Muslims protest proposed Hindu temple
August deadliest month for US in Afghanistan
Myanmar fighting forces up to 30,000 to flee to China
California governor declares wildfire emergency
Officials close public viewing for Sen. Kennedy
China urges Myanmar to end conflict in border area
US service member killed in Afghanistan
Coroner: Slain pastor had gashes to neck, chest
India sentences Muslim militant to life in prison
AP NewsAlert
AIG's Taiwan unit gets three low bids-sources
Apple seals deal to bring iPhones coming to China
China Shenhua says 1H profit up 14 pct
iPhones coming to China after Apple, Unicom deal
China shares drop on worries liquidity might fall
PetroChina says 1H profit down 7.2 percent
Mary Mary still going strong 9 years later
US-ENTERTAINMENT Summary
Court throws out FCC cable ownership limit
Jackson death a homicide, criminal charge possible | Entertainment |
Charges against Japanese artist dropped in NYC
Label has high hopes for Whitney Houston comeback | Entertainment |
Chesney, Swift, Sugarland to appear on ABC special
Idol champ Kris Allen sets release date for album | Entertainment |
Gypsy trio criticizes booing of Madonna
Big screen evolves to compete with small
Flixster's Movies aims to connect film fans | Entertainment |
Fay Weldon paints bleak picture of future in novel | Entertainment |
Dutch court blocks girl's solo global sailing bid
Iran has slowed uranium output: UN agency
Iran slows nuclear pace but bomb suspicions grow | International |
Internet Age re-inventing music business: Bandwidth
Michael Jackson's death homicide: coroner
Iran slows nuclear work but pressed on bomb suspicions
Argentina to adopt Japanese standard for HDTV
Taiwan president has no plans to meet Dalai Lama | International |
IAEA extends probe of alleged secret Syria atom site
Candidates woo voters on eve of Japan election | International |
US envoy in 'testy' election meeting with Karzai
Eulogies for Iraqi Shiite leader reflect worries
Fresh Myanmar fighting erupts, one dead in China | International |
Suicide bomber kills four in northern Iraq | International |
Ahmadinejad says Iran opposition leaders should be punished
South American rift persists over US-Colombia deal | International |
Australian navy intercepts suspected asylum seekers | International |
Candidates make final pitch on eve of Japan election
5 dead, 18 missing after ferry sinks in Indonesia
SKorea ready to receive fishermen from NKorea: police
Central Beijing shut off for National Day rehearsals
Foster parents arrested in disappearance of boy
NZealander tells of mid-Pacific sailing nightmare
AP NewsAlert
China Unicom in 3-year deal for Apple's iPhone | Technology |
Alleged leader of Phillipine kidnapping extradited
Mexico: anti-Mexican discrimination in US growing
Cricket: Hussey's century helps Australia shake off Ashes agony
Pakistani court: Lift curbs on nuclear scientist
Questions arise over how kidnapper went undetected
DJ AM, who battled drug habit, found dead in NYC
Congressman: Gadhafi won't stay in Englewood, NJ
Boy goes missing in rough NC surf caused by Danny
Utahns can now practice DUI jail call
China comes to Canary Wharf company's rescue
China to scrap higher tariffs on auto parts imports: US
DJ AM found dead in New York apartment | Entertainment |
Noel Gallagher quits Oasis | Entertainment |
Spanish album an unexpected Plan for Furtado | Entertainment |
DJ AM, who battled drug habit, found dead in NYC
Noel Gallagher quits British rock group Oasis
Clapton, Hornsby to perform on new Leno show
Noel Gallagher quits Oasis
Last chapter arrives for 'Reading Rainbow' on PBS
Kelly Preston: 'Too soon' to talk about losing son
`Always Sunny' live tour adds second Philly show
Jackson death ruled homicide, focus on doctor
Mexico expects 15,000 dancers for 'Thriller' dance
Isolde alone cannot save this production
Second black box of crashed Yemenia jet retrieved
US shuttle Discovery lifts off
Karzai extends Afghan vote lead; run-off indicated | International |
Wall Street confidence rising but Sept peril looms
Bombs in northern Iraq kill at least 15
Pakistan holds Mumbai conspirators' trial in secrecy | International |
Lockerbie bomber says backs call for inquiry | International |
12 killed, over 40 wounded in northern Iraq attacks
North Korea returns South fishermen after a month | International |
Lawyer says Iraqi shoe thrower to be released
Iranian FM Mottaki in Baghdad
Iran says report confirms atomic work peaceful | International |
Afghan vote fraud claims gather momentum
Peacekeeping civilians kidnapped in Darfur | International |
Obama: No turf wars, red tape in Katrina recovery
India loses communication with lunar satellite
Pakistan court delays case against Mumbai suspects
Lockerbie bomber backs inquiry into attack
3 killed, 17 wounded in restive southern Thailand
Space shuttle blasts off, finally flying on try 3
Pakistan holds Mumbai conspirators' trial in secrecy
1 killed, 17 wounded in restive southern Thailand
SC GOP reps to discuss impeaching philandering gov
Michael Jackson's death homicide: coroner
Taiwan stresses no politics in Dalai Lama visit
North Korea frees 4 South Korean fishermen
Funeral Mass for fallen senator begins in Boston
Philippine Muslim extradited to US for kidnap
US has alternative to Europe missile sites: report
Wounded CBS journalist at hospital in Afghanistan
Pakistan sets 10 bln rupees target for Islamic bond
Pakistani c.bank buys 22 bln rupees of govt paper
Opposition looks to reshape Japanese economy
Jackson death ruled homicide, focus on doctor | Entertainment |
Free download Bollywood tribute to Michael Jackson
Spanish album an unexpected "Plan" for Furtado
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01