Icelandic parliament votes to repay £3bn to UK and Netherlands
The Icelandic parliament has voted to repay more than £3 billion to the UK and Dutch Governments for the money spent compensating savers in the Icelandic banks.
A story released by MoneyMarketing today explained that the agreement was made in June, but passed with an amendment that set a limit on the payments based on Iceland's gross domestic product.
Around 400,000 savers lost money in the collapse of the Icelandic banks last year.
The repayments will be paid in instalments over the next 15 years.
31 August 2009
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