Iceland to have a referendum on whether to repay UK savers.
January 12th, 2010
The President of Iceland has moved against Icelandic parliament in refusing a deal that would see the 
repayment of €3.9bn to UK and Dutch savers in a failed Icelandic bank. This is creating diplomatic tension between the countries involved. President Olafur Ragnar Grimmson was reacting to a petition signed by thousands of Icelanders to refuse payment. The presidents move was a blow to Prime Minister Joanna Sigurdardottir’s government who backed the deal.
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