Icelandic cabinet collapse could stall Landsbanki resolution

Prime Minister Geir Haarde resigned with his cabinet following failed talks with his Social Democratic collation partners. He refused to bow to the Social Democrats' demand to lead the crippled country. In response to the news of the Icelandic cabinet's collapse, Landsbanki Guernsey Depositors Action Group (LGDAG) says: "We are very concerned this will delay the return of depositors' savings, but hope a new government will work in a more proactive manner to resolve the issues surrounding last year's banking collapse." "We remain committed to securing the full return of savings in Landsb...