No debt yet: Iceland’s President vetoes repayment of Icesave losses
Wednesday, January 6, 2010 Ólafur Ragnar Grímsson, President of Iceland, refused to sign a bill to pay US$5 billion (£3.1 billion) to Holland and the UK. Savers in those countries lost out when Icesave‘s parent bank Landsbanki collapsed and was nationalised alongside Glitnir and Kaupthing. The governments of those nations paid out the money individuals had lost and the bill is designed to compensate them. However, the bill is unpopular with the public as 70%…