Almost a quarter of voters in Iceland have signed a petition against plans to repay money lost by foreigners when Icesave, the internet banking arm of Landsbanki, collapsed in October 2008.
The petition urges the president to veto a bill allowing the move, which has already been agreed by the Icelandic parliament, as well as calling for a referendum on the issue, reports the BBC.
Iceland's parliament has approved the plans to reimburse 3.8bn euros (£3.4bn) lost by Dutch and British savers, but taxpayers in Iceland are angry they are being made to pay for the bank’s mistakes.
Magnus Arni Skulason, one of the organisers of the petition, told the BBC the repayment could be compared to financing the country's health service:"The interest rate on the Icesave agreement for Iceland is like running the National Health Service of Iceland for six months."
The compensation amounts to some 12,000 euros for each of Iceland’s 320,000 citizens.
Under the current plans, the money - which represents 40% of the country's GDP - will be repaid gradually until 2024.
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