Iceland expected to turn down bank failure repay (AP) - Jaunt Journal

Iceland expected to turn down bank failure repay (AP)

Christopher

Iceland expected to turn down bank failure repay
(AP)

Icelanders voting in a referendum in Reykjavik, Iceland, Saturday, March 6, 2010.   Icelanders are voting in a nationwide referendum on approving the use of taxpayers' money to repay international debts. Opinion polls suggest that a majority of Icelanders will vote 'no' on Saturday to the $5.3 billion deal to compensate Britain and the Netherlands for deposits lost in a collapsed Icelandic bank. That is expected to complicate Iceland's effort to recover from a deep recession and a banking collapse. (AP Photo/Brynjar Gauti)AP – Still smarting from the crippling aftermath of the global financial crisis, grudging Icelanders were expected Saturday to vote down a $5.3 billion plan to pay off Britain and the Netherlands for debts spawned by the collapse of an Icelandic Internet bank.

See full article at Yahoo! News


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