Iceland rushes to find Icesave facesaver

Iceland's government was scrambling to find a face-saving solution to the Icesave dispute, January 2010, as the clock ticked towards a politically destabilising March 2010 referendum on the Anglo-Dutch debt repayment plan.

Icelandic officials said the government was exploring possibilities for a compromise that would allow it to avoid a national vote on legislation to reimburse Britain and the Netherlands for €3.9bn lost in the failed Icesave online bank in 2008.

ESO: Background information: Iceland’s president fights to contain fallout http://www.europeansources.info/record/icelands-president-fights-to-contain-fallout/

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