Vegas
01-10-2010, 04:11 PM
http://sweetness-light.com/archive/icelanders-dont-want-to-pay-back-billions
Six out of 10 Icelandic voters plan to reject a bill on repayment of more than $5 billion owed to Britain and the Netherlands in a referendum on the so-called Icesave deal, according to a poll published by an Icelandic daily on Saturday.
Iceland’s parliament authorized on Friday the government to hold a referendum no later than March 6 on terms under which Reykjavik will repay the money lost in high-interest Icesave bank accounts during a financial meltdown in 2008.
Britain and the Netherlands compensated savers in full and want their money back.
Reaching agreement with the two European Union countries is vital for the flow of aid to Iceland, still in the grip of a devastating recession. A prolonged impasse could also have implications for Iceland’s bid to join the EU.
Six out of 10 Icelandic voters plan to reject a bill on repayment of more than $5 billion owed to Britain and the Netherlands in a referendum on the so-called Icesave deal, according to a poll published by an Icelandic daily on Saturday.
Iceland’s parliament authorized on Friday the government to hold a referendum no later than March 6 on terms under which Reykjavik will repay the money lost in high-interest Icesave bank accounts during a financial meltdown in 2008.
Britain and the Netherlands compensated savers in full and want their money back.
Reaching agreement with the two European Union countries is vital for the flow of aid to Iceland, still in the grip of a devastating recession. A prolonged impasse could also have implications for Iceland’s bid to join the EU.