Voters in Iceland must decide terms of the repayment


The people of Iceland are voting once again today, to decide whether the UK government should get its cash back from the collapse of Icesave, the Icelandic bank, more than two years ago.

Icesave's collapse wiped out the deposits of around 340,000 British and Dutch citizens.

The deal ran into problems in February when Iceland's President said he wanted to put it to a referendum even though it had already been approved by parliament. The terms of repayment include a rate of 3.3 percent over 30 years.

Sigrun Davidsdottir is an Icelandic journalist based in London and tells BBC Radio 5 live Wake Up To Money's Mickey Clarke that the new deal "isn't about bailing out the bankers".

For more Radio 5 live stories, please visit the best bits page.

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