Iceland’s government knew banks were in trouble: Wellink
Nout Wellink, the president of the Netherlands Bank, alleged on Thursday that the Icelandic government had been told about the rot in its banking system by the Central Bank of Iceland at least a month before its collapse in October 2008.
On 5 January, Iceland's president vetoed a bill to repay a $5.5 billion loan to the UK and the Netherlands after a quarter of voters singed a petition protesting it. A majority of voters are thought to have approved the action. Customers in the Netherlands and
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