Iceland to pay back lost cash

**The Icelandic parliament has voted in favour of repaying more than $5bn (£3bn) to the governments of the UK and the Netherlands.**The so-called Icesave bill will reimburse funds paid by the governments to compensate those who lost money in Icelandic banks such as Icesave.

About 400,000 savers lost money in high-interest accounts when the banks running them collapsed last year.

The money will be paid in instalments over the next 15 years.

The deal was agreed in June, but was only passed after an amendment was added setting a limit on the payments.

In the vote, 34 members voted in favour, 15 voted against and there were 14 abstentions.

The government hopes that the agreement to make payments to Britain and the Netherlands will help it to get more financial aid.

The bill has been controversial in Iceland, where some members of parliament have questioned why the government should be paying the debts of private banks.

There is particular anger at the UK for using anti-terror laws to freeze Icelandic assets.