Thursday, October 23, 2008

British dispute delays Iceland deal with IMF

Iceland's decision to seek a rescue loan from the International Monetary Fund has been delayed by failure to reach a deal with London over British savings frozen in an Icelandic bank, media reports said Thursday.

The IMF wants Iceland to resolve the dispute with Britain first in order to determine what Reykjavik's needs are, but talks with a British delegation currently in Iceland have advanced slowly.

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