Home and Abroad ; Levity 2 Day in 2 Minutes

Summary


Iceland owes UK pounds 2.2bn

THE UK is owed pounds 2.2bn by Iceland after the Treasury stepped in to guarantee British deposits in collapsed bank Icesave. The figure was the amount paid to Icesave to cover Britons' savings when its parent company Landsbanki went into receivership last month.

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Extract


Home and Abroad ; Levity 2 Day in 2 Minutes

The money is part of a pounds 6.8bn package agreed by the International Monetary Fund.

Blunder hits students

A PRINTING error ...

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