Icelanders reject plan to repay £3.5bn to Britain and Netherlands

By Richard Tyler and David Harrison Published: 11:51PM GMT 06 March 2010

Icesave understanding "still possible", says Johanna Sigurdardottir Photo: AFP/Getty Images

The supervision of Prime Minister Johanna Sigurdardottir supervision certified better after it became transparent last night that some-more than 90 per cent of the volcanic islands electorate had upheld calls by their boss for a "fair deal" in a inhabitant referendum on the issue.

Icelands council had creatively concluded to compensate behind Britain over fourteen years but the islands boss Olafur Grimsson refused to authorize it and called the referendum.

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Mr Grimsson pronounced yesterday that Gordon Brown right away had to finalise the brawl in in between the dual countries, that has regenerated sour memories of the 1970s cod wars.

Icelanders have left to the polls to opinion on profitable the UK and Netherlands after the fall of the Icesave bank, with a resounding "No" opinion expected.

The British and Dutch governments wish payment for the �3.4bn they paid out in remuneration to business in 2008.

But Icelands budding apportion had urged people to evade the referendum.

Talks in in between Iceland, the UK and the Netherlands 3 countries pennyless down on Friday but agreement.

But Ms Sigurdardottir pronounced even she would not opinion in the check as her supervision was looking to go on the negotiations.

Opinion polls had referred to the infancy of electorate would reject the referendum.

Outside council in the collateral Reykjavik, hundreds of protesters banged pots and waved banners celebration of the mass "Icesave No! No! No!".

The "No" opinion could put billions of dollars of loans from the International Monetary Fund and alternative countries at risk.

Steingrimur Sigfusson, the Finance Minister, attempted to fool around down the stress of the referendum, called after President Olaf Ragnar Grimsson shut off the primary deal.

"We wish to be ideally transparent that a "No opinion does not meant we are refusing to pay. We will honour the obligations.

"To say anything else is rarely dangerous for the economy of this country."