blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
World News

 

Icelanders reject bank payback plan
Posted: 07 March 2010 0649 hrs

  People protest in the streets of Reykjavik.
 
Photos  of

   
 
Related News
Bank payback plan faces failure as Iceland votes



REYKJAVIK : Icelanders on Saturday massively rejected a deal to pay Britain and the Netherlands billions for their losses in the collapse of the Icesave bank, the government said after partial referendum results.

Some 93.1 percent of voters cast ballots opposing the deal, the partial results showed after 32 percent of ballots were counted, said RUV public broadcaster which compiles all electoral statistics.

Only 1.6 percent of voters so far voted "yes" to the Icesave deal.

"Initial figures indicate clearly that the December amendment to the Icesave legislation of August 2009 will be repealed," the government said in a statement just minutes after polling stations closed at 2200 GMT.

Icelanders were asked to vote on whether the country should honour an agreement to repay Britain and the Netherlands 3.9 billion euros (5.3 billion dollars).

This would be to compensate them for money they paid to 340,000 of their citizens hit by the collapse of Icesave in 2008. Events leading to Iceland bank payout referendum

- AFP /ls

 


Other world News
Blasts rock Syria's Aleppo, tanks enter Homs
Europe's Danube freezes over, cold snap toll at 460
Obama hails Italian PM in talks on euro crisis
Argentina to lodge Falklands protest at UN Friday
Palestinian leadership backs Fatah-Hamas Doha deal
British Islamists jailed for plotting terror attacks
Britain to defend Falklands right to self-determination: PM
US approves first nuclear plant in decades
US says it has not seen Egypt charges against NGO staff
Algeria's president sets May parliament polls
Steve Jobs' unflattering FBI files released
Cautious welcome for UN-Arab League mission in Syria
Obama to meet Italian PM on euro crisis
Syria unrest death toll rises
Syria's Homs under new deadly blitz

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions