Iceland Votes Down Debt Deal for Collapsed Bank
Category Business, World | Sunday, March 7th, 2010
Icelandic bank
(REYKJAVIK, Iceland) — Voters in tiny Iceland defied their parliament and international pressure, resoundingly rejecting a $5.3 billion plan to repay Britain and the Netherlands for debts spawned by the collapse of an Icelandic bank.
According to results released Sunday, just over 93 percent of voters said “no” in Saturday’s ballot, while only 1.8 percent voted “yes,” according to a count of all but 2,500 of the 143,784 votes cast. The rest were blank or spoiled ballots.