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Iceland Rejects Icesave Bank Payback Plan

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Hazel Tyldesley
Sky News Online
Sunday, March 7, 2010

Icelanders have rejected a plan to pay back the British Government for money it lost over the collapse of the Icesave bank in 2008.

Over 93% percent of voters cast ballots opposing the £3.5bn deal to compensate the British and the Dutch state, initial results showed.

Both nations reimbursed citizens who lost money when Landsbanki and its internet banking scheme Icesave folded.

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“This result is no surprise,” Prime Minister Johanna Sigurdardottir said.

“Now we must turn to the task of finishing the negotiations on Icesave.”

  • A d v e r t i s e m e n t

The propsed deal would require each person to pay around £90 a month for eight years, and many Icelandic taxpayers say they cannot afford it.

Full story here.

This article was posted: Sunday, March 7, 2010 at 4:54 am





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