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Iceland petition against pay-out over Icesave collapse
Almost a quarter of voters in Iceland have signed a petition against plans to repay money lost by foreigners when an Icelandic online bank collapsed.
The petition urges the president to veto the bill that allows the move, and calls for a referendum on the issue.
Iceland's parliament has approved the plans to reimburse 3.8bn euros (£3.4bn) lost by Dutch and British savers when the Icesave scheme failed in 2008.
Many taxpayers say they are being made to pay for the bank's mistakes.
The compensation amounts to some 12,000 euros for each citizen on the island nation of 320,000.
Staggering payments
More than 56,000 - about 23% of Iceland's voters - signed the petition urging President Olaf Ragnar Grimsson not to sign the bill.
An original agreement negotiated with the British and Dutch governments was approved in August.
But subsequent amendments negotiated by the prime minister were rejected in both countries, forcing a fresh vote.
Under the new deal the money - which represents 40% of the country's GDP - will be repaid gradually, staggered until 2024. |
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