Iceland says NO to IMF, EU, UK & NE!Submitted by TexanInSweden on Sun, 03/07/2010 - 13:52
I think I am gonna move to Iceland soon. At least one country in the world can stand up against the Giants and say 'NO!'.
(CNN)- Iceland's voters overwhelmingly rejected a deal to pay billions of dollars it owes to the United Kingdom and the Netherlands, the Foreign Ministry said Sunday.
With around 90 percent of votes counted, just over 93 percent said no and just under 2 percent said yes. Not enough votes remain to be counted to change the result. Some 62.5 percent of Iceland's roughly 200,000 register voters cast ballots, the ministry said.
The referendum was on a law about repaying the Netherlands and UK, which helped savers in their own countries who lost money in a failed Icelandic Internet bank.
The British and Dutch governments came up with more than $5 billion for bailing out people who lost money in Icesave -- an online retail bank branch of Landsbanki. That Icelandic bank failed in October 2008, along with two other banks in the country.