Iceland Tells Bank Creditors Not to Bet on 75% Writedown

Iceland Tells Bank Creditors Not to Bet on 75% Writedown

Brynjar Gauti/AP Photo

“The 75 percent was mentioned at a lunch meeting, very unofficially,” Finance Minister Bjarni Benediktsson said in an interview in Reykjavik. “That has been exaggerated as an assumption.” He said the final figure could be higher or lower.