Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Libyan PM: 'We need UN's support to hold vote'

Read more

MIDDLE EAST MATTERS

Dubai: Taking a dip into the Emirate's underwater world

Read more

ENCORE!

Film show: 'Valerian', 'A Violent Life' and 'Belle de Jour'

Read more

FOCUS

The limits of affirmative action in Brazil

Read more

EYE ON AFRICA

Rival Libyan leaders back ceasefire, elections

Read more

IN THE PAPERS

Western men 'less fertile' due to modern living, scientists warn

Read more

IN THE PAPERS

A 'crazy gamble': Luc Besson's €197m blockbuster 'Valerian' hits French cinemas

Read more

BUSINESS DAILY

New KitKat factory to cater for exotic flavours

Read more

MEDIAWATCH

John McCain's healthcare vote backlash

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)