How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
...you can learn Spanish at a variety of locations across Spain, online or residential and day courses in Spain?
Regardless of your standard, and whatever level you wish to reach Don Quijote has a program to suit your needs!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Tuesday 2 September 2014
- Corvera, Castellon & Ciudad Real : THIS is how you run a private airport!
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
New Icesave deal with UK and Holland
Iceland said on Sunday it had agreed to a new deal to repay Britain and the Netherlands billions of dollars of deposits lost when the island's banks collapsed in 2008, paving the way for new aid from international lenders.
Iceland passed a law in August to repay money lost in high-interest "Icesave" accounts, but Britain and the Netherlands balked at the terms, holding up aid from the International Monetary Fund (IMF) and other lenders for the island's stricken economy.
Prime Minister Johanna Sigurdardottir said the new deal would have a number of positive effects, including helping Iceland remove currency restrictions - put in place at the height of the crisis - and to ease interest rates.
It should also get international financial aid flowing again.
"I predict the IMF review will take place by the end of the month" Sigurdardottir said at a press conference.
When the bill is passed, Iceland, Britain and the Netherlands will issue a statement about the deal that will also include British and Dutch backing for the IMF review, the government said.
The deal has been accepted by Iceland's cabinet and the two parties in the coalition, and the government said the new bill would go before parliament on October 19.
Iceland's banks collapsed in late 2008 at the height of the credit crunch and its economy has imploded, leaving it dependent on a $10 billion aid package headed by the IMF.
After initial payments, money has been held up by squabbles over the Icesave issue.
Britain and the Netherlands objected to terms in the original law that meant the Icelandic government's repayment guarantee ran out in 2024.
Under the new terms, should the money not be repaid by that date, the repayment period will be extended in five-year blocks.
Britain and the Netherlands have agreed that Iceland can seek a court ruling as to whether its Depositors' and Investors' Guarantee Fund has first claim on whatever is recovered from collapsed bank Landsbanki, whose depositors in Britain and the Netherlands had to be bailed out by the two states.
Latest News & Stories
- Tax Hikes For UK Home-Owning Expats ?
- Spain unemployment benefit claims up in August
- Scottish Independence Vote Registration Looms, Expats Nervous
- Spain Struggles With 'Brain-Drain Exodus'
- Spain new car sales up 13.7 pct yr/yr in August
- AENA blames this weekend's flight delays on computer crash
- Britain's Barclays to sell Spanish assets to Caixabank
- Corvera Airline Deadline Slips Again, Airline Confirms Interest
- Civil Guards suspected of stealing pro-independence Catalan flag
- Ryanair eyes stake in Spanish Airports listing