Iceland can afford to repay UK and Holland: MPC member
Iceland can afford to repay Britain and the Netherlands to the tune of $5.5 billion for the deposits lost following the collapse of its biggest banks, Anne Sibert, an academic and rate-setter at the Icelandic central bank, said.
"It would be a great hardship, but it would not cripple the Icelandic economy," Sibert, who is also the head of the school of economics, mathematics and statistics at Birkbeck College in London, told CentralBanking.com. "The terms being offered are extraordinarily
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