DW-World.de
Deutsche Welle

British officials are travelling to Iceland to seek a resolution to the growing diplomatic dispute over Reykjavik's move to nationalise the country's banks. Britain has reacted by using anti-terrorism laws to freeze Icelandic assets. Icelandic Prime Minister Geir Haarde has described the move as "unpleasant", but his British counterpart, Gordon Brown, said the situation was entirely the responsibility of the Icelandic authorities. Around €1 billion of British public sector investments and private savings are said to be affected by the nationalisation of the Icelandic financial institutions.