- BBC News - UK and Netherlands to sue Iceland over lost deposits
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Iceland mess continues: @bbc “Analysts say a resolution of the issue is vital to Iceland’s prospects for recovery because it would allow the country to return to the financial markets to fund itself. Solving the dispute is also seen as key to Iceland’s chances of joining the EU. Iceland’s three main banks collapsed within days of each other in October 2008. The government compensated Icelandic savers, but overseas customers faced losing all of their money. The issue sparked a diplomatic row between Iceland and the UK, and created uncertainty over Iceland’s economic recovery
