Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Davos 2015: Businesses 'cautiously optimistic' in Japan

Read more

MEDIAWATCH

Twitter storm as IMF boss Christine Lagarde hails Saudi King Abdullah as 'strong advocate of women'

Read more

EYE ON AFRICA

DR CONGO: Senate amends controversial constitutional law

Read more

THE WORLD THIS WEEK

Pope Family Planning: Heated Debate over Pontiff's 'Rabbit' Comments (part 2)

Read more

THE WORLD THIS WEEK

Saudi King Abdullah Dies: Succession, Stability and Youth in Question (part 1)

Read more

FRANCE IN FOCUS

France tackles terror

Read more

THE BUSINESS INTERVIEW

Jean-Pascal Tricoire, CEO of Schneider Electric: 'France is on a better track'

Read more

DEBATE

Davos debate: Can big business agree on climate deal? (part 2)

Read more

#THE 51%

Chile's abortion debate

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)