Don't miss

Replay


LATEST SHOWS

#TECH 24

Station F: Putting Paris on the global tech map

Read more

THE INTERVIEW

Davos 2017: 'I believe in the power of entrepreneurs to change the world'

Read more

FRANCE IN FOCUS

French education with a difference: Teachers who think outside the box

Read more

#THE 51%

Equality in the boardroom: French law requires large firms to have 40% women on boards

Read more

FASHION

Men's fashion: Winter 2017/2018 collections shake up gender barriers

Read more

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

Read more

BUSINESS DAILY

DAVOS 2017: Summit overshadowed by geopolitical changes

Read more

Europe

Government acknowledges 'no' win in Icesave referendum: statement

Text by News Wires

Latest update : 2010-03-07

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.

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.
 

Date created : 2010-03-07

COMMENT(S)