Iceland's President Olafur Ragnar Grimsson said he would not sign a controversial bill to repay euro 3. 47 billion ( $5b) to the UK and Dutch governments. On Saturday, the president received a petition calling for the bill to be vetoed, signed by a quarter of the country's population. He pointed out that Iceland is having to borrow the $5bn needed for the compensation.
For more : BBC News - Iceland plans vote on bank payout
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