Don't miss

Replay


LATEST SHOWS

FOCUS

From ecological disaster to small miracle in Mauritania

Read more

TALKING EUROPE

Ukraine's deputy PM on Kiev's EU ambitions, corruption and Russian influence

Read more

TALKING EUROPE

A journalist murdered: Europe's media freedom under threat

Read more

THE INTERVIEW

Top psychiatrist: Trump's 'mental impairment' poses danger to world

Read more

BUSINESS DAILY

Hammond teases UK budget with homebuilding, driverless cars

Read more

IN THE PAPERS

The 'Blame Game' has begun in Germany

Read more

REPORTERS

Exclusive: From Tehran to Najaf, a pilgrimage fraught with danger

Read more

IN THE PAPERS

Germany's 'Jamaica' talks fail and French mayors hit the capital

Read more

EYE ON AFRICA

President Robert Mugabe emerges from house arrest

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)