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Olafur Grimsson has been riding a wave of support for his defiance of Britain and the Netherlands over massive debts from a bank crash.
Iceland’s president rejected a Bill to repay Britain and The Netherlands more than $5-billion their savers lost when Icelandic banks collapsed.
Iceland’s Parliament approved an amended Bill on Wednesday to repay more than -billion lost by savers in Britain and The Netherlands.
Iceland’s biggest bank received an emergency loan from Sweden on Wednesday as the country’s financial crisis showed no sign of abating.
