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.