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Iceland: UK damaged our banks
Iceland: UK damaged our banks
Last Modified: 12 Oct 2008
By:
John Sparks
The UK and Icelandic governments fail to reach a deal over safeguarding customers' deposits. John Sparks reports.
A treasury delegation has now left Iceland after saying ''significant progress'' had been made over a potential deal, and depositors would receive an accelerated payout.
But it's unclear if the British government will be reimbursed for compensating savers who had money in the collapsed banks.
And the Icelandic government is now blaming Britain for damaging its banking system.
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