Downing Street Says

» Thursday, November 20, 2008

Iceland

Asked about where we were on the package for Iceland, the PMS replied that there was a joint statement that had been put out by the UK, Dutch and German governments which read:

In supporting the IMF programme the UK, the Netherlands and Germany welcomed Iceland s commitment to meet its obligations to depositors and ensure the fair, equal and non-discriminatory treatment of creditors. As part of the international support for Iceland, the UK, the Netherlands and Germany would work constructively in the continuing discussions with Iceland to conclude agreements on pre-financing that enabled Iceland to meet its obligations towards depositors shortly.

Asked if the support given by the UK was due to assurances made by the Icelandic Government on non-discriminatory treatment of creditors, the PMS said he did not have enough information on the specifics of the discussions, so people should check with the Treasury.

Asked if the amount given by the UK Government was in the region of 5billion, the PMS said he was not in a position to comment on any specific numbers and he advised people to speak to the Treasury.

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