Will Germans Get their Iceland Deposits Back?

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2008-10-28 (All day)

Thousands of German customers of Kaupthing Bank, the Icelandic financial institution threatened with bankruptcy, may lose their savings. They seem to have been forgotten by Berlin and Reykjavik.......... now the government seems to know nothing about the guarantees it said it would provide to Germans who put their savings into Icelandic banks. Steinbr├╝ck recently stated that people must have misinterpreted his words. He said it was an issue for Iceland and the International Monetary Fund to come up with a solution for the problem of international depositors. He also said there were currently no bilateral negotiations taking place between Germany and Iceland.