Iceland pledges to reimburse UK over Icesave saga

The governments were forced to bail out depositors in Icesave after its Icelandic parent Landsbanki collapsed last October. According to reports, the Icelandic parliament has today voted in favour of the Icesave bill, which will reimburse funds paid by the governments to compensate about 400,000 savers who lost money in the subsidiary. The money will be paid in instalments over the next 15 years. Agreed in June, the deal was only passed after an amendment was added setting a limit on the payments. In total, 34 members of the Icelandic parliament voted in favour, 15 against and t...