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 ?"
