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Forex News

2011.04.1103:08:00UTC+00Britain and the Netherlands Plan to Sue Iceland As It Rejects Deal to Repay Debt

News

  • Britain and the Netherlands plan to sue Iceland to recover $5 bln lost in a bank crash after Icelandic voters rejected a plan to repay the money.
  • The British and Dutch govts said they were disappointed with the result of a referendum on Saturday in which almost 60 pcnt of voters opposed a repayment deal.
  • The issue will now be settled by the court of the EFTA Surveillance Authority.
  • Iceland's centre-left coalition government said it would not resign despite the defeat.

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