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| Version 0 | Version 1 |
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| Iceland to pay back Icesave cash | Iceland to pay back Icesave cash |
| (10 minutes later) | |
| The Icelandic parliament has voted in favour of repaying more than $5bn (£3bn) to the governments of the UK and the Netherlands. | |
| The so-called Icesave bill will reimburse funds paid by the governments to compensate those who lost money in Icelandic banks such as Icesave. | The so-called Icesave bill will reimburse funds paid by the governments to compensate those who lost money in Icelandic banks such as Icesave. |
| About 400,000 savers lost money in high-interest accounts when the banks running them collapsed last year. | |
| The money will be paid in instalments over the next 15 years. | The money will be paid in instalments over the next 15 years. |
| The deal was agreed in June, but was only passed after an amendment was added setting a limit on the payments. | |
| 'Controversial bill' | |
| In the vote, 34 members voted in favour, 15 voted against and there were 14 abstentions. | In the vote, 34 members voted in favour, 15 voted against and there were 14 abstentions. |
| The government hopes that the agreement to make payments to Britain and the Netherlands will help it to get more financial aid. | The government hopes that the agreement to make payments to Britain and the Netherlands will help it to get more financial aid. |
| The bill has been controversial in Iceland, where some members of parliament have questioned why the government should be paying the debts of private banks. | |
| There is particular anger at the UK for using anti-terror laws to freeze Icelandic assets. | |
| The problems stemmed from Iceland having to take over its three biggest banks. | |
| First to lose independence was First Glitnir, closely followed by Landsbanki, which owns Icesave - an internet bank used by many UK customers. | |
| Finally, Iceland's biggest bank, Kaupthing, was nationalised in October. | |
| Iceland's government blamed UK Chancellor Alistair Darling for undermining confidence in Kaupthing by using anti-terrorism laws to seize Landsbanki's UK assets. |