Prime Minister Johanna Sigurdardottir said hopes this will be the basis for agreement with creditors, while minimizing costs to the state and Icelandic taxpayers.
The aim is for overseas creditors of the banks to become owners of Islandsbanki and Kaupthing, while the Icelandic state will retain ownership of Landsbanki.
The main creditors of the failed banks are large overseas financial institutions, and by taking these banks out of state ownership, the government minimizes its risks, Finance Minister Steingrimur Sigfusson said Monday.
Iceland has pledged to inject ISK 271 billion (€1.5
