Iceland ditches bank compensation deal

Iceland’s president today refused to sign into a law a bill to compensate Britain and The Netherlands for losses from the collapse of an internet savings bank.

Iceland ditches bank compensation deal

Iceland’s president today refused to sign into a law a bill to compensate Britain and The Netherlands for losses from the collapse of an internet savings bank.

The decision by Olafur Ragnar Grimsson means the controversial legislation will now go to a national referendum. No date has yet been announced for the poll.

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