Iceland’s president vetoes $5.5 billion repayment


Olafur Ragnar Grimsson, Iceland's president, has vetoed a bill that sought to repay billions of dollars to British and Dutch savers after being petitioned by a quarter of the island's electorate to do so.

The bill, passed by the Icelandic parliament by a slim majority at the end of December, would have seen the country repay about $5.5 billion to foreign savers with accounts in Landsbanki and Kaupthing, two of the island's biggest banks, which collapsed in October 2008. Icelanders have already b

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: