Iceland ends threat to UK over assets
Posted by seumasach on February 25, 2009
25th February, 2009
Iceland’s new government has dropped plans to take the UK government to the European Court of Human Rights over its use of anti-terror laws to freeze Icelandic assets, ending the most vicious spat between the UK and Iceland since the 1970s cod war. The previous government pledged in January to pursue legal action against the UK in Europe for its decision to use the anti-terror legislation, claiming the British move massively undermined confidence in its banking system and triggered its eventual collapse.
In These New Times 
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