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Iceland Opposition Parties See Draft Icesave Deal, Visir Says

Iceland’s government has shown opposition parties a draft agreement with the U.K. and the Netherlands to cover depositor claims from the failure of Landsbanki Islands hf more than two years ago, Visir reported without saying how it obtained the information.

The draft agreement on the so-called Icesave deposits carries a 2.78 percent average interest rate and gives the government of Iceland a nine-month moratorium on paying interest, the Reykjavik-based news service said.

“We’ve been in talks since September,” said Niels Redeker, a spokesman for the Dutch Finance Ministry in an interview. He said he was unaware of any agreement being reached within the next few days.

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