REUTERS - Iceland faces more economic uncertainty
and a drawn-out European court case after its voters rejected for a
second time a plan to repay $5 billion to Britain and the Netherlands
from a bank crash.
The British and Dutch governments voiced disappointment with the
result of Saturday's referendum, in which almost 60 percent of voters
opposed the repayment deal.
"We must do all we can to prevent political and economic chaos as a
result of this outcome," Prime Minister Johanna Sigurdardottir told
The issue will now be settled by the court of the EFTA Surveillance
Authority (ESA), the European trade body overseeing Iceland's
cooperation with the European Union.
"My estimate is that the process will take a year, a year and a
half at least, Finance Minister Steingrimur Sigfusson told a news
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