UK, Netherlands to sue Iceland over bank bailout debacle

posted by
April 10, 2011
BBC News [UK]    
Posted in News

"The UK and Dutch governments are preparing court action against Iceland to recover 4bn euros (£3.5bn) lost when the country's bank system collapsed. It follows a referendum in Iceland which rejected a repayment plan. ... The UK and the Netherlands say they are owed the money following the collapse of Icelandic savings bank Icesave. British and Dutch depositors were bailed out by their governments, which are now demanding their money back." [editor's note: How is it that Iceland's taxpayers should be held responsible for bad decisions by the British and Dutch governments? - TLK] (04/11/11)  

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