Iceland’s parliament has approved plans to repay 3.8bn euros (Ã‚Â£3.4bn) to savers in the UK and the Netherlands.
The money will go to the British and Dutch governments, who partially compensated savers when the Icesave online bank failed. More than 320,000 savers lost out when the bank collapsed in 2008.
A bill on the measure, narrowly approved against strong opposition, was seen as crucial to Iceland’s bid to join the EU and rebuild its economy.
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