Hedge Funds Stuck in Failed Iceland Banks Closer to Pay Date | Bloomberg


The main obstacle to repaying creditors has been Iceland’s concern that any outflow of money would drag down the krona and derail efforts to remove capital controls.

Yet Glitnir now says it has presented a payment model to policy makers that allows offshore creditors to be reimbursed without disrupting the exchange rate.

via Hedge Funds Stuck in Failed Iceland Banks Closer to Pay Date – Bloomberg.

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