Icesave - latest news, breaking stories and comment - The Independent
News

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

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.

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).

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".

News
Paper trail: the wedding photograph found in the rubble after 9/11 – it took Elizabeth Keefe 13 years to find the people in it
newsWho are the people in this photo? It took Elizabeth Stringer Keefe 13 years to find out
Arts and Entertainment
Evil eye: Douglas Adams in 'mad genius' pose
booksNew biography sheds light on comic genius of Douglas Adams
Sport
FootballFull debuts don't come much more stylish than those on show here
Life and Style
Kim Kardashian drawn backlash over her sexy swimsuit selfie, called 'disgusting' and 'nasty'
fashionCritics say magazine only pays attention to fashion trends among rich, white women
Arts and Entertainment
TVShows like Agents of S.H.I.E.L.D are little more than marketing tools
Arts and Entertainment
Hit the roof: hot-tub cinema east London
architectureFrom pools to football pitches, rooftop living is looking up
Travel
travel
News
The ecological reconstruction of Ikrandraco avatar is shown in this illustration courtesy of Chuang Zhao. Scientists on September 11, 2014 announced the discovery of fossils in China of a type of flying reptile called a pterosaur that lived 120 millions years ago and so closely resembled those creatures from the 2009 film, Avatar that they named it after them.
SCIENCE
Life and Style
tech
Sport
David Moyes and Rio Ferdinand
FootballRio Ferdinand on why the former manager failed at United
Career Services

Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – MS Swiss Corona from £949pp
Dubrovnik, the Dalmatian Coast & Montenegro from £799pp
Provence from £599pp
Apulia, Lecce and Vieste – Undiscovered Italy from £899pp
Pompeii, Capri and the Bay of Naples from £759
Classical Spain from £539pp
Prices correct as of 12 September 2014
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week
The fall of Rome? Cash-strapped Italy accused of selling its soul to the highest bidder

The fall of Rome?

Italy's fears that corporate-sponsored restoration projects will lead to the Disneyfication of its cultural heritage
Glasgow girl made good

Glasgow girl made good

Kelly Macdonald was a waitress when she made Trainspotting. Now she’s taking Manhattan
Sequins ahoy as Strictly Come Dancing takes to the floor once more

Sequins ahoy as Strictly takes to the floor once more

Judy Murray, Frankie Bridge and co paired with dance partners
Wearable trainers and other sporty looks

Wearable trainers and other sporty looks

Alexander Wang pumps it up at New York Fashion Week
The landscape of my imagination

The landscape of my imagination

Author Kate Mosse on the place that taught her to tell stories