Iceland will hold a referendum on 6 March to decide whether to repay debts owed to the UK and Netherlands from the collapse of Icesave bank.
A bill to repay the £3.3bn debt was narrowly passed in December, but vetoed by President Olaf Ragnar Grimsson after approximately 60,000 people, almost a quarter of the electorate, signed a petition protesting against the bill and calling for a referendum on the issue.
Both the British and Dutch governments have expressed anger at Grimsson's decision to submit the bill to a vote, and warn it will impact their support for Iceland's ambitions to join the European Union.
When the bank collapsed in October 2008, approximately 320,000 British and Dutch savers lost money.
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