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Oct 11, 2008 

IHT: Netherlands, Iceland reach deal on deposits

Fore the complete report on the International Herald Tribune click on this link

Netherlands, Iceland reach deal on deposits

The Dutch and Icelandic governments reached an agreement Saturday over how to compensate Dutch depositors at one of Iceland's troubled banks. Under the deal, the Icelandic government will compensate each Dutch depositor up to a maximum of 20,887 euros (US$28,281.6). The government of the Netherlands is offering a loan to Iceland to make that possible. The money will go to those holding accounts with IceSave, an online company that was part of Landsbanki, an Icelandic bank recently put into receivership.

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