Iceland has rejected to repay the U.K. and the Netherlands €4 billion lost in the nation’s 2008 financial collapse, The Wall Street Journal reports. The dispute involves money lost by U.K. and Dutch depositors in the Icesave unit of Landsbanki, one of the banks that collapsed in 2008. Nearly 60% of 175,000 voters rejected a plan to compensate both the governments. The European Free Trade Association’s surveillance authority started infringement proceedings against Iceland under its obligation to cover all depositor claims in 2010.
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