Britain has asked Iceland to spell out how it will repay the £2.3bn it cost to bail out UK savers amid concerns that a future Reykjavik government could seek to write off part of the debt. . .

The Government is seeking a guarantee from Reykjavik that 2024 will not mark a deadline on payments and that all the cash will be paid.

At the time of the collapse, with Iceland on the brink of economic meltdown, the UK and Dutch governments used their own money to compensate savers.  19-Sep-09.

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