Iceland rejects repayment deal again

[marmar]

Iceland rejects repayment deal again
Reuters

Sunday, 10 April 2011


Icelanders rejected for a second time a plan to repay €4bn (£3.5bn; $5.8bn) to Britain and the Netherlands from a bank crash, results showed today, and the prime minister said economic and political chaos could follow.

Policymakers have said a 'no' in the Saturday referendum meant the dispute will end up in a European court. Economists have said the uncertainty is hurting efforts to drag Iceland out of recession, end currency controls and boost investment.

"The worst option was chosen. The vote has split the nation in two," Prime Minister Johanna Sigurdardottir told state television, saying it was fairly clear the "no" side had won.

State television said almost 60 percent of voters had rejected the agreement, based on results from five out of six voting districts, including capital Reykjavik. Many voters were against taxpayers footing the bill for irresponsible bankers. .......(more)

The complete piece is at: http://www.independent.co.uk/news/world/europe/iceland-rejects-repayment-deal-again-2265960.html

[stevedeshazer]

1. Nearly $6 billion for a nation of 320,000 people.

Yeah.

Iceland 1, Bank 0.

They gambled and lost.

[n2doc]

2. Fuck the bankers

Let them squeal. Doesn't sound at all like the "worst option won", and maybe PM Sigurdardottir needs to look for a new job too.

[hadrons]

3. Many voters were against taxpayers footing the bill for irresponsible bankers

A country with common sense