There is a party of officials who are visiting Iceland today to discuss the banking crisis and the impact that this is going to have on UK depositors. After some very heated discussions between the Icelandic and UK leaders; has lead to the meeting happening.
The UK government are very keen to ensure that the £1bn that has been invested in Icelandic banks is secure and that it can be recovered quickly. A lot of local councils and public bodies have used Icelandic banks to deposit there money.
Whilst over there they are also keen to find out what the situation is for UK individuals who are currently in the unknown. However, the turmoil that currently exists within the Icelandic market means that they are highly unlucky to give any reassurances about foreign deposits.
Time will tell to see if peoples deposits will be returned and let’s hope that the meetings that are taken place will lead to some positive results in such a difficult time.
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