Setback in Reykjavik Iceland Blocks 3.8 Billion Euro Repayment to Dutch, British

The president of Iceland refused to sign a bill on Tuesday that would have paid back the governments of Britain and Holland for money lost to depositors at the collapsed IceSave bank. The move followed popular protest against the legislation, which would see repayment totalling 13,000 euros per Icelandic citizen.
Von NRC Handelsblad Staff
Fire and ice: On Monday, hundreds of people gathered outside the residence of Icelandic President Olafur Ragnar Grimsson in Reykjavik, where they held torches and delivered a petition asking him not to sign the controversial debt legislation.

Fire and ice: On Monday, hundreds of people gathered outside the residence of Icelandic President Olafur Ragnar Grimsson in Reykjavik, where they held torches and delivered a petition asking him not to sign the controversial debt legislation.

Foto: STR / REUTERS
Photo Gallery: Iceland's Deeply Unpopular Payback
Foto: dpa
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Photo Gallery: Iceland's Deeply Unpopular Payback

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