Iceland says it has reached a new agreement over the repaying of $5bn (£3bn) lost by Dutch and UK savers.

Iceland's parliament agreed on 23 July to break for the summer without having passed a controversial bill to guarantee repayment of billions lost in Icelandic accounts to Britain and the Netherlands.

By making a success of further enlargement, as well as improving its public perception, the EU will be able to better address the many other challenges which it faces, argues the European Commission's enlargement strategy for 2010-2011, unveiled yesterday (9 November).

A DEAL for Iceland to repay up to £2.3 billion lost by British savers when the country's banking system collapsed was thrown into doubt yesterday when its president refus

European Commissioner for Enlargement Olli Rehn said earlier this month during a videoconference with Reykjavik from Oslo that the European Commission is already mentally preparing for a membership application from Iceland, and that a rapid treatment of the application could not be excluded. He mentioned specifically that the island could become a member of the European Union already before the en...

As EU leaders prepare to discuss further enlargement at a summit today (12 December), Montenegro announced its intention to apply for membership next week. Meanwhile, the European Commission is "mentally preparing" for a possible application by Iceland as early as next year, Enlargement Commissioner Olli Rehn said.

Savers who lost money in Equitable Life are waiting to see if they are to be offered some compensation by government.

As expected, Czech Enlargement Commissioner Štefan Füle said Iceland had been given the green light by the Commission after fulfilling the Copenhagen criteria for EU membership (stability of institutions guaranteeing democracy and human rights, the existence of a functioning market economy and ability to take on the obligations of membership). The Commission's opinion takes account...

 Is a Savers Selling Market the bailed out banks are paying the government 12%. Why not sell this lone bonds to ISA savers at  7%.THE BANKS would get low cost capital and savers would have better savings rates.  IF the government garanteed the saving bonds of ISA savers, this would be cheep sourse of capital to the banks. Free the savings market so that savers have achoice. Why shou...

Long overdue plans to ease the tax burden on savers could lay the foundations for a sustainable recovery from economic recession and recognise that savers - not borrowers - have been the main victims of the credit crisis so far.