Icelandic parliament approves Icesave repayment deal

Icelandic parliament approves Icesave repayment deal | Europe | Deutsche Welle | 16.02.2011: "The Icelandic parliament on Wednesday voted to approve a deal to repay the United Kingdom and the Netherlands for the failed bank Icesave, clearing one of the final hurdles to settling the dispute that has lasted more than two years.

The 44-16 vote, with three lawmakers abstaining, sends the bill to President Olafur Ragnar Grimsson, who has not yet said whether he plans to sign it.

In March 2010, Grimsson vetoed a previous deal with the Dutch and British governments that was narrowly passed by parliament. The bill went to a public referendum, with 93.2 percent of Icelanders voting 'no.'


The last proposal was put to a referendum, failing by 93.2 percent

However recent polls suggest slightly more than half of Icelanders support the current settlement. It also won votes from the center-right opposition Independence Party, which vehemently opposed the previous bill."

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