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Iceland President delays signing Icesave much
admin 1/3/2010 5:27:34 PM
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President of Iceland Olafur Ragnar Grimsson said Thursday he had lost before the signing of an amended bill for the return of over 5 billion dollars of depositors in Great Britain and the Netherlands, when the island needed the banks collapsed, according to reports reaching here from Reykjavik.
The president said it expects that a large number of people signed a petition urging him not to sign would be signed.
Grimsson promised the representatives of the so-called In Defense Group, which was against the law and urged the President not 2nd January characters meet.
Generally, the signature of the President are is ceremonial, but the president was under pressure to refuse to sign the law was, so they have the right to a national vote.
Althing, the parliament of Iceland, the bill came close late on Wednesday to pay 3.8 billion euros (5.4 billion U.S. dollars on) to the British and the Dutch government, partly through more 320,000 savers who lost money in the collapse of the online bank Icesave will be compensated.
Icesave, a subsidiary of the online bank Landsbanki which had to be rescued hit in October 2008, investors global credit crisis have been attracted because of its high interest rates.
