Icesave referendum to go ahead

Iceland looked set to go ahead with a referendum on the 6 March 2010 on a deal to repay the United Kingdom and the Netherlands €3.9bn lost in the failed Icesave bank even as talks continued between the three countries in search of a compromise.

The collapse of the banking system and sharply declining standards of living have prompted many to turn their backs on Europe and seek economic salvation in traditional industries.

ESO: Background information: Iceland renews talks on €3.9bn debt dispute http://www.europeansources.info/record/iceland-renews-talks-on-e3-9bn-debt-dispute/

BBC News, 4.3.10: Iceland referendum 'to go ahead' as talks fail http://news.bbc.co.uk/1/hi/business/8550776.stm

Deutsche Welle, 5.3.10: Icesave repayment referendum heads for rejection in Iceland http://www.dw-world.de/dw/article/0,,5325019,00.html

Le Monde, 5.3.10: Defiant Iceland's cloudy future (as translated in PressEurop) http://www.presseurop.eu/en/content/article/204461-defiant-icelands-cloudy-future

---