LONDON (AFP) — Britain is planning to lend about three billion pounds to Iceland to repay savers with money in a stricken Icelandic bank, a newspaper reported on Wednesday.

The Financial Times, quoting unnamed officials in Iceland, said a British delegation hoped to wrap up the deal -- worth about 30 percent of the island nation's gross domestic product -- during a trip to the country this week. 22-Oct-08.

http://afp.google.com/article/ALeqM5gSTFnLO0fLDX42SvPxRf0QXcycmw