Iceland was yesterday put on a fast track to join the EU, but the Cameron government served notice it could block the country's membership unless it settled the £2.3bn Britain says it is owed as a result of the country's financial collapse two years ago.
European government chiefs at a Brussels summit decided that "accession negotiations should be opened" with Iceland, writes the Guardian. At British and Dutch insistence, however, the summit said that Iceland would have to address "existing obligations such as those identified by the European free trade area surveillance authority", a reference to the fallout from the collapse of Icesave in 2008 that left 400,000 depositors in Britain and the Netherlands fearing for their savings. FULL STORY...
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