I'm very concerned to read the article in the Iceland Review about the financial state of Landsbanki (old) parent. The former director states that the assets of Landsbanki have halved in value since 30th September. Also, he says that there should be just enough from the sale of Landsbanki's assets to pay the 20k euro per customer in Icesave (guaranteed by Iceland's EAA membership), without digging into the Government's coffers. This means there could be nothing left for LG, or any other depositors (councils etc). I'm interested in the outcome of the meeting with Trott on the 24th November-could he be on a stopover to Iceland then to fight our corner???????
Another thought I've had, when Gordon gets the 20k euros per customer back from Iceland, it will be worth alot more in pounds than it was a month ago, due to the rapid depreciation of the pound v euro!