These bonds were offered by the Russian government as compensation for those unwise enough to have held hard-currency deposits in Soviet banks.

ECONOMIST: Russia��s economic quagmire

The beauty of this proposal is that during the test period, the government will be able to accurately and completely test the public health care delivery system to ensure that patients will be happy with the care they receive and physicians, staffs and unions will be happy with their positions and the compensation to be paid to them solely by the government.

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At first, in 2009, the Icelandic government agreed to repay the compensation given by the UK and Dutch governments.

BBC: Icesave: Icelandic government wins compensation ruling