The president of Iceland said Thursday he would delay a decision on a deal approved by parliament to pay Britain and the Netherlands for having compensated savers in a failed Icelandic bank.

On Saturday he is to receive a petition signed by nearly 40,000 of the island's 320,000 inhabitants opposing the arrangement.

If the president refuses to endorse the legislation, the issue would be put to a referendum.  31-Dec-09.  AFP via Google

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