Iceland Rejects Repayment Deal

Written by grimbo

Monday, 11 April 2011

image for Iceland Rejects Repayment Deal

Iceland has rejected for a second time a proposal to repay the Netherlands and UK for losses incurred after the collapse of the country's banking system.

The result means that the 2 governments are still £3.5 billion out of pocket after already reimbursing account holders.

A national referendum was held to give Icelanders the opportunity to vote on one of the most controversial events in the island's history.

The result wasn't much of a surprise given the phrasing of the voting form.

The islanders were given 2 options :


Option One - "Do you want to reimburse the 400,000 mainland Europeans who invested in Icesave in the hope of making a quick buck ?"

or

Option Two - "Would you rather keep this money to help your country ?"

The story above is a satire or parody. It is entirely fictitious.

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