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Latest update: 07/03/2010
- financial crisis - Iceland - referendum
Government acknowledges 'no' win in Icesave referendum: statement
Icelanders voted "no" Saturday in a referendum on a proposed $5 billion deal to repay debt to Britain and the Netherlands. This outcome is expected to delay further foreign aid and hopes for economic recovery.
By News Wires (text)
REUTERS - Icelandic voters overwhelmingly rejected a $5 billion deal on Saturday to repay debts to Britain and the Netherlands, according to partial official results.
Partial referendum results from around 18,000 voters showed 98 percent opposed the deal.
Iceland’s 230,000 voters were being asked to approve an agreement on paying back Britain and the Netherlands after they compensated savers in their countries who lost money in online “Icesave” accounts run by the failed Icelandic bank Landsbanki.
Iceland needs to agree a deal with Britain and the
Netherlands in order to unlock the foreign aid it needs to turn around its collapsed economy.
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Comments (2)
People in Charge
Heraldmage has it right, stick to your guns, Iceland. Who needs their foreign aid which will of course be full of yet more strings to drag you down?
people in charge
It's nice to see a country where the people not foreign governments, corporation and the wealthy.
It's to bad the people of the USA won't be told of the actions of the Icelanders. This ill be one of the censorred articles out of fear that the USA population might initiate changes that would eliminate the trillions of dollar spent in corporate and foreign welfare programs and replace it with programs to enable and protect the people.
Good job Icelanders not giving into the fear mongering from the government and financial institutions.
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