Will the citizens of Iceland sign up for a $65,000 per person debt to repay the deposites in a failed private bank in Iceland with deposits guaranteed by the government of Iceland. Not likely.
Iceland voting over Icesave repayments
Saturday, 6 March 2010 09:30
Around 230,000 people in Iceland are voting in a referendum today on whether to repay billions of pounds to Britain and the Netherlands.
The two governments are claiming the money after refunding savers in the collapsed internet bank, Icesave, in 2008.
Bailout Mutiny Looms With Iceland’s Taxpayer Vote Bloomberg, Mar 1
Iceland’s PM Calls Icesave Referendum “Pointless” Iceland Review, Mar 3
Ice News – News from the Nordics
Icesave Dispute – background on current crisis. Wikipedia
“Iceland Vote” Google
As Iceland resists paying our billions, let’s not forget just who is to blame: Icelandic bankers and British ‘rate tarts’ caused the Icesave folly, yet the two nations’ taxpayers will be footing the bill Faisal Islam, Guardian, Feb 28