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IPFS News Link • Economy - International

Iceland Voters Rejects Plan to Repay British Investors

Voters in Iceland have overwhelmingly rejected proposals to pay the UK and the Netherlands in the wake of collapse of the Icesave bank. With a third of results counted, 93% of voters said "No" in a referendum. Iceland's prime minister says her government will remain in office and continue to seek a repayment deal. The British and Dutch governments want reimbursement for the 3.8bn euros (£3.4bn; $5.2bn) they paid out in compensation to customers in 2008. Talks between Iceland, the UK and the Netherlands three countries broke down on Friday without agreement. Prime Minister Johanna Sigurdardottir said she would not vote in Saturday's poll as her government was seeking to continue the negotiations. With a third of votes counted, 93% of Icelanders have voted "No", less than 2% back the deal, and the remaining votes are invalid.

1 Comments in Response to

Comment by Powell Gammill (13871)
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At least they get a vote.  I wonder how much time they have before the Queen orders the Royal Marines in?