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Outlook On to high-yield savings and AgriBank, which has generated a flurry of excitement by offering a bond that might allow your money at least to keep pace with inflation.

European Commission backs Iceland EU membership bid

The European Commission today recommended the launch of EU membership negotiations with Iceland.

UK and Netherlands offer new Icesave deal

Iceland: The Netherlands and Britain are proposing a new debt repayment deal with Iceland which may save the island nation holding a referendum on the "Icesave" crisis.

Money Insider: Mutuals see end of Rocky road

Since the onset of the credit crunch, the wholesale money markets have become a less attractive and more expensive source of funding for many banks and building societies.

Iceland defends right to vote on Icesave redress

The President of Iceland said yesterday that his country would press ahead with a referendum on whether or not to pay the British and Dutch governments compensation for losses they incurred during his country's financial crisis.

Call for new curbs on council finance advisers

FSA should regulate advisers to councils, say MPs

Iceland willing to talk over £3bn Icesave debt

Iceland has approached several governments about the possibility of mediating talks on the more than $5bn (£3.2bn) it owes Britain and the Netherlands after the island's banking crisis, Icelandic media reported yesterday.

Iceland's voters set to remain out in the cold

Workers blame the IMF, but the fund says it doesn't care about Icesave. Richard Northedge reports

Iceland's coalition cools on pledge to hold vote on UK repayment

Fears that government would not survive if, as expected, public strikes down deal to pay back £2.3bn

Ian Birrell: It is counter-productive to humiliate another nation

Sitting amid the trawlers in Reykjavik harbour is a solitary gunboat, a reminder of what happened when Britain and Iceland last went to war. The little grey vessel saw off the British Navy 37 years ago in the Cod Wars, and it serves now to underline the bravery and bloody-mindedness of an isolated island nation.

An island in the age of austerity

Crippled by the folly of its banks, a sense of gloom has engulfed Iceland

David Prosser: How Britain failed Icesave customers

Outlook Gordon Brown often talks about how politicians must take tough decisions, but he won't have faced too many dilemmas like the one that's troubled Icelandic President Ólafur Ragnar Grímsson in recent days. In deciding whether to ratify his parliament's vote to pay £3.1bn in compensation for the banking crisis to Britain and the Netherlands, President Grimsson risked enraging the three-quarters of his population who oppose the idea or the international community (blowing Iceland's chances of joining the European Union, its best hope of financial salvation).

British fury after Iceland blocks £2.3bn repayment

But on the streets of Reykjavik, Archie Bland finds Icelanders celebrating the success of people power

Jon Danielsson: The bill equates to £40,000 per family

The president of Iceland's decision does not mean a rejection of his country's obligations. On the contrary, Icelanders have already agreed to compensate the UK and Netherlands. The decision by Olafur Ragnar Grímsson stems instead from the fact that over 70 per cent of Icelanders find the terms of the current deal unreasonable.

Iceland ditches bank compensation deal

A deal for Iceland to repay up to £2.3 billion lost by savers in Britain when the country's banking system collapsed was thrown into doubt today when its president refused to sign it off.

Darling pushes Iceland on compensation

Alistair Darling yesterday urged Iceland to ratify a Bill that would see the recession-hit country repay more than €3.8bn lost by savers in Britain and the Netherlands when the online savings bank Icesave went bust in 2008. The Chancellor, pictured right, described the legislation as "very important".

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