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Thread: Iceland Parliament Votes for New Icesave Deal

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    Iceland Parliament Votes for New Icesave Deal

    The money will be used to repay the UK and Dutch governments for reimbursing 400,000 citizens who lost savings when Icesave's parent, Landsbanki, collapsed late in 2008. The terms of the agreement must now be approved by Iceland's president. He said recently that this was much better than a previous deal. He refused to approve the last parliament-backed repayment proposal
    More at: http://www.bbc.co.uk/news/business-12485819

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