Iceland referendum rejects bank repayment deal

[thethingy]

Voters in Iceland have rejected a government-backed deal to repay Britain and the Netherlands for their citizens' five billion US dollars (£3 billion) worth of deposits in a failed online bank Icesave. The matter will now go through the European Free Trade Association court.

http://www.google.com/hostednews/ukpress...496406477A

I appreciate why the Icelanders voted the way they did, though that's not gonna help them. It's pretty optimistic of them to think this won't affect their EU bid.

I dont think it will help there economy at all as there credit rating will take a hit and investors will think twice before entering in to any deals with them, it's a lot of cash for a small population to repay but it's the same lot of cash that we (UK people) had to find to give them so giving it back is only right, I doubt the UK will hold it against them in there EU application though as typically in matters like that the UK would just use the court systems.