11.04.201103:08:00UTC+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.

Back to news list