Germany, UK, Netherlands to work with Iceland to 'ensure it meets its obligations to depositors'

Posted 20/11/2008 - 10:31 by vikingvictim

Your rating: None
2008-11-20 (All day)

BERLIN, Nov 20 (Reuters) - Germany, the United Kingdom and the Netherlands welcomed in a joint statement on Thursday a $2.1 billion IMF loan to stabilise Iceland and said they would work with Iceland to ensure it met its obligations to depositors.
"In supporting the IMF programme today the UK, Netherlands and Germany welcome Iceland's commitment to meet its obligations to depositors and ensure the fair, equal and non-discriminatory treatment of creditors," the countries said in a statement provided by the German finance ministry.
"As part of the international support for Iceland the UK, Netherlands and Germany will work constructively in the continuing discussions with Iceland to conclude agreements on pre-financing that enables Iceland to meet its obligations towards depositors shortly," the statement concluded.