[QODLink]
Europe
Iceland split over repayment plan
Voters decide on new proposal to compensate UK and Dutch governments for money lost by depositors.
Last Modified: 09 Apr 2011 12:58

Icelanders are voting on whether to approve a new plan to repay Britain and the Netherlands for money lost after the collapse of a major Icelandic bank in 2008.

The UK and Dutch government compensated savers who lost money from their online "Icesave" accounts, run by Landsbanki, to the tune of more than $5bn.

A referendum on a similar repayment plan last year resulted in a resounding "no", and voters today are still divided on the issue.

Al Jazeera's Rory Challands reports.

Source:
Al Jazeera
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
The world's newest professional sport comes from an unlikely source: video games.
The group's takeover of farms in Qaraqosh, 30km from Mosul, has caused fear among residents, and a jump in food prices.
Protests and online activism in recent months have brought a resurgence of ethnic Oromo nationalism in Ethiopia.
Chemotherapy is big business, but some US doctors say it could be overused and are pushing for cheaper and better care.
Amid vote audit and horse-trading, politicians of all hues agree a compromise is needed to avoid political instability.
join our mailing list