Small Iceland has guts to revolt banksters. What about you America? Almost a quarter of voters in Iceland - around 56,000 people - have signed a petition against plans to repay £3.4billion lost by the British and Dutch when the country's banking system collapsed. It urges Icelandic President Olaf Ragnar Grimsson to veto a Bill that allows the move and demands a referendum on the issue. Iceland's parliament has approved the plans to pay back the cash lost when online bank Icesave collapsed in 2008.The compensation amounts to £10,600 for everyone in Iceland. An agreement with Britain and Holland was approved last August, but later changes were rejected. Under the new deal the cash - 40% of Iceland's GDP - will be repaid by 2024.
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