Omar Valdimarsson

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.