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| Version 0 | Version 1 |
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| Bid to return councils' millions | Bid to return councils' millions |
| (about 13 hours later) | |
| The Scottish secretary has said he will do "whatever it takes" to ensure the return of £46m of Scots councils' cash locked in crisis-hit Icelandic banks. | The Scottish secretary has said he will do "whatever it takes" to ensure the return of £46m of Scots councils' cash locked in crisis-hit Icelandic banks. |
| Jim Murphy travelled to the country for high-level talks with Icelandic Prime Minister Geir Haarde on agreeing a way forward. | |
| Mr Murphy used the meeting to also call for the return of money deposited in Iceland by several Scottish charities. | |
| A Scottish Government source welcomed the Scottish secretary's move. | A Scottish Government source welcomed the Scottish secretary's move. |
| It emerged last month that eight Scottish councils and a fire board invested around £45m in Icelandic banks including Landsbanki, Heritable and Glitnir. | |
| Total UK deposits are estimated at around £4bn in the country's financial institutions. | |
| Mr Murphy said Scottish councils and charities had invested millions in Icelandic banks in good faith, before the country's banking system was severely hit by the global financial crisis. | Mr Murphy said Scottish councils and charities had invested millions in Icelandic banks in good faith, before the country's banking system was severely hit by the global financial crisis. |
| Diplomatic row | Diplomatic row |
| He told BBC Scotland: "Our relationship with Iceland has traditionally been a very good one, but, of course, there are pressures at the moment, particularly because of the international credit crisis and the collapse of the Icelandic banks. | He told BBC Scotland: "Our relationship with Iceland has traditionally been a very good one, but, of course, there are pressures at the moment, particularly because of the international credit crisis and the collapse of the Icelandic banks. |
| "There is Scottish council and Scottish charity money invested in some of those banks and I'm seeking to persuade the Icelandic Government that money should be returned. | "There is Scottish council and Scottish charity money invested in some of those banks and I'm seeking to persuade the Icelandic Government that money should be returned. |
| "We've made very clear, we'll do whatever it takes to support Scottish people to get their money out of the Icelandic banking crisis." | "We've made very clear, we'll do whatever it takes to support Scottish people to get their money out of the Icelandic banking crisis." |
| The UK Government is currently trying to salvage £4bn in deposits held by customers in the failed Icelandic bank Icesave, at risk after its parent firm Landsbanki folded. | The UK Government is currently trying to salvage £4bn in deposits held by customers in the failed Icelandic bank Icesave, at risk after its parent firm Landsbanki folded. |
| The bank's collapse fuelled a diplomatic row after ministers froze assets of other Icelandic banks. | The bank's collapse fuelled a diplomatic row after ministers froze assets of other Icelandic banks. |