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Can't blame them, really. It amounts to £12,000 each for every person, including children, in the country. If it was me, I'd be fuming at having to pay that because the banks fecked up.
On the other hand, the elected government stood as guarantor for the money, which is why investors in Britain and elsewhere invested their money in Icelandic banks for a higher return.
The Icelanders enjoyed the good times. I've read stories of the business elite flying from Reyjavik to New York to 'do lunch'. Now they've got a busted flush and they have to take the hit. Otherwise it's the British taxpayer who pays for it.
Almost a quarter of voters in Iceland have signed a petition against plans to repay money lost by foreigners when an Icelandic online bank collapsed.
The petition urges the president to veto the bill that allows the move, and calls for a referendum on the issue.
Iceland's parliament has approved the plans to reimburse 3.8bn euros (£3.4bn) lost by Dutch and British savers when the Icesave scheme failed in 2008.
Many taxpayers say they are being made to pay for the bank's mistakes.
The compensation amounts to some 12,000 euros for each citizen on the island nation of 320,000.
Staggering payments
A poll taken in August suggested that 70% of Icelanders were against the deal, which was approved by Parliament earlier this week.
On the other hand, the elected government stood as guarantor for the money, which is why investors in Britain and elsewhere invested their money in Icelandic banks for a higher return.
The Icelanders enjoyed the good times. I've read stories of the business elite flying from Reyjavik to New York to 'do lunch'. Now they've got a busted flush and they have to take the hit. Otherwise it's the British taxpayer who pays for it.
Almost a quarter of voters in Iceland have signed a petition against plans to repay money lost by foreigners when an Icelandic online bank collapsed.
The petition urges the president to veto the bill that allows the move, and calls for a referendum on the issue.
Iceland's parliament has approved the plans to reimburse 3.8bn euros (£3.4bn) lost by Dutch and British savers when the Icesave scheme failed in 2008.
Many taxpayers say they are being made to pay for the bank's mistakes.
The compensation amounts to some 12,000 euros for each citizen on the island nation of 320,000.
Staggering payments
A poll taken in August suggested that 70% of Icelanders were against the deal, which was approved by Parliament earlier this week.
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I find it amusing that we can go & bomb Iraq & Afghanistan at will then a country like Iceland can just turn round & tell us to foook offf !
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