Iceland expected to turn down bank failure repay - East Valley Tribune: Nation / World

Iceland expected to turn down bank failure repay

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Posted: Saturday, March 6, 2010 3:34 pm | Updated: 3:43 am, Sat Oct 8, 2011.

REYKJAVIK, Iceland — Still smarting from the crippling aftermath of the global financial crisis, grudging Icelanders were expected Saturday to vote down a $5.3 billion plan to pay off Britain and the Netherlands for debts spawned by the collapse of an Icelandic Internet bank.

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