Legal Arguments
The arguments of the British and Dutch governments are based on their interpretation of the law of the European Economic Area (EEA), and around two positions in particular:
- that the Icelandic government is obliged to guarantee at least the first €20,000 in Icesave accounts;
- that Iceland's actions surrounding the collapse of Landsbanki are discriminatory against non-Icelandic creditors.
The Icelandic government disputes these positions.
Read more about this topic: Icesave Dispute
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