topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 2117.66 -0.08
DAX 6323.19 -0.26
IBEX 30 6401.2 -2.17
CAC 40 3042.97 -0.16
FTSE 100 5356.34 0.09
AEX 292.76 0.00
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13057.26 -0.74
TSX Composite 11566.15 -0.09
ASX 4120.2 0.96
Hang seng 18800.99 0.47
Straits Times 2787.22 0.52
ISEQ 20 501.76 0.16
You are here: Home News Dutch News Icesave to meet Dutch obligations
Enlarge font Decrease font Text size


11/10/2008Icesave to meet Dutch obligations

Iceland's Prime Minister Geir Haarde says his government will do everything possible for the failed Icesave bank to meet its obligations with Dutch depositors.

Speaking on a Dutch television programme, the prime minister stopped short, however, of guaranteeing full reimbursement of deposits trapped in the collapsed bank. Mr Haarde underlined that his government has passed a law giving savers preferential treatment when a bank fails. He said Iceland's crisis is the worst since 1914.

Earlier this week, Icesave announced it could no longer meet its obligations. Some 120,000 Dutch nationals have savings at the Icelandic bank. Iceland guarantees the first 20,000 euros but it's not clear if the country is currently able to honour that pledge. On Thursday, Dutch Finance Minister Wouter Bos reassured Dutch savers that they will get their money back "one way or another" up to a maximum of 100,000 euros. A Dutch delegation is currently in Iceland to discuss the situation.


0 reactions to this article

0 reactions to this article

Discussion Forums

Relocating to the Netherlands

Taxation on Rental Apartments!

Housing in the Netherlands

Taxation on Rental Appartments?

Discuss Dutch Culture

High-quality fake passports, driver's licenses, ID

English in the Netherlands

Moved to Hengelo

Travel & Transport in the Netherlands

Buy fake passports, driver's licenses, identity cards

participate in the forums

Inside Expatica
Setting up home in the Netherlands

Setting up home in the Netherlands

A guide to telephone, internet and television along with utility services water, electricity and gas in the Netherlands.

Dutch immigration and residency regulations

Dutch immigration and residency regulations

Lost in the Dutch immigration system? Look no further than this guide compiled for our Survival Guide 2012.

A brief introduction to the Netherlands

A brief introduction to the Netherlands

Expatica offers a whistle-stop tour of life in the modern Netherlands.

Giving birth in the Netherlands

Giving birth in the Netherlands

The challenges and benefits of the maternity system in the Netherlands and how it differs to other countries.