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Learning English - Words in the News 10 October, 2008 - Published 13:10 GMT Britain v Iceland over finance | ||||||||||||
A British delegation is going to Iceland to seek assurances that UK depositors will not lose money as a result of Iceland's banking crisis. The UK government froze all UK-held assets of a collapsed Icelandic bank, using anti-terror laws. Ray Furlong reports from Reykjavik: Iceland's Prime Minister Geir Haarde said the decision to bring Iceland's biggest bank, Kaupthing, under state control was partly due to the actions of the British authorities. He was referring to the move yesterday by the financial services authority in London to close down Kaupthing's UK subsidiaries. But Mr Haarde was also angry this was done using anti-terror laws. He said he'd made his views clear to Alistair Darling during a telephone conversation: HAARDE: Mr Haarde went on to say that he thought there was a crisis in relations with Britain. But he added that he'd cleared up a number of issues with Mr Darling and that a British team would be arriving in Reykjavik shortly for talks on a number of outstanding issues. Ray Furlong, BBC News, Reykjavik due to was referring to move to close down subsidiaries made his views clear regard went on to say cleared up outstanding issues |
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