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Mozambique: top constitutional lawyer killed in Maputo

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Online reactions to Netanyahu’s speech to Congress

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Netanyahu on Capitol Hill: Israeli PM calls for deal breaker with Iran (part two)

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Netanyahu on Capitol Hill: Israeli PM calls for deal breaker with Iran

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Tangerine Dream. Afropolitan star Yemi Alade drops in

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Denmark: How to stop the radicalisation of young people?

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'Deep Down Dark': Telling the story of the 33 trapped Chilean miners

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Hong Kong's umbrella revolution 'is not dead'

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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

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