Bank of England Quantitative Easing and Interest Rates Held

Iceland Bank Icesave Referendum

Published / Last Updated on 05/01/2010

by Joanne Roberts, Ashley Clark, Director

The Icelandic government has announced it is to hold a referendum to determine whether payments should be made to Dutch and British residents who lost money when Icesave collapsed.

Iceland has been asked to repay £5bn to the UK and Dutch Governments, which had previously been agreed. The referendum is being held as around 70% of Icelandic residents are opposed to the payment.

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