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Iceland heading for referendum on repaying UK

Iceland has said it will put plans to repay £3.4bn of debts for its banking collapse to a referendum vote.

The BBC reports that Iceland has all but given up on agreeing a deal with the UK and Dutch Governments to repay the money they paid out to compensate Icesave savers when the bank collapsed in 2008, meaning it is likely to go to a referendum vote on Saturday.

According to opinion polls, Icelandic voters would be likely to reject the repayment plan.

Iceland’s Finance Minister Steingrimur Sigfusson says: “The referendum is going to go ahead.

“We have been trying to resolve the matter in another fashion but time has run out.”


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There is one comment at the moment, we would love to hear your opinion too.

  1. Maybe we should hold a referendum in the UK to freeze the asset of all Icelandic citizens in the UK until repayment has been made?

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