| Author (Person) | Ward, Andrew |
|---|---|
| Series Title | Financial Times |
| Series Details | 17.2.11 |
| Publication Date | 17/02/2011 |
| Content Type | News |
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Iceland’s parliament approved on the 16 February 2011 a fresh deal with Britain and the Netherlands to repay €4bn lost in the failed Icesave bank, but the country’s president was facing mounting pressure to refer the agreement to a referendum. More than 30,000 people – nearly a tenth of the Icelandic population – had backed the petition, reflecting continued anger over the prospect of taxpayers being forced to foot the bill for foreign deposits lost when the country’s banking sector collapsed in 2008. Subsequently, Iceland's president rejected the revised plan, saying it should be subject to a new referendum, prompting Moody's to warn that a 'No' vote would downgrade Iceland's credit ratings |
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| Countries / Regions | Iceland, Netherlands, United Kingdom |
