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Icesave: Iceland might need a new deposit insurance fund

The Icesave Saga continues. The British and Dutch governments have filed a claim of up to £5.3bn against Iceland's deposit insurance fund over money that savers in the UK and the Netherlands were compensated for when the Icesave online saving accounts were bailed out in 2008. The Icelandic bank Landsbankinn was responsible for the saving accounts.

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Implement a super tax on the defaulted Icelandic banks

The Icelandic government refuses to negotiate with the creditors of the three large banks that defaulted in the financial crisis in 2008. The government is waiting for the creditors and the winding up boards to reach an agreement. The government intends to implement a super tax on the defaulted banks to pressure them.

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