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Early results: Iceland voters reject debt deal (AP)

March 7th, 2010 Comments off

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 furious over the crippling aftermath of the global financial crisis, Iceland's voters on Saturday resoundingly rejected a $5.3 billion plan to pay off Britain and the Netherlands for debts spawned by the collapse of an Icelandic Internet bank, according to initial results.


(cross-reference: Financial crisis of 2007–2010 - Wikipedia, the free encyclopedia, http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932010)