Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

UK minister disappointed by Iceland debt deal vote

Reuters
Sunday 10 April 2011 10:12 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Chief Secretary to the Treasury Danny Alexander said he was disappointed that Icelanders had again rejected an "Icesave" debt deal, adding that the issue would now probably go to the courts.

In a referendum on Saturday, Icelanders rejected for a second time a plan to repay €4bn (£3.5bn; $5.8bn) to Britain and the Netherlands in debts from a bank crash.

"It is obviously disappointing that it seems that the people of Iceland have rejected what was a negotiated settlement," Alexander told BBC television.

"Of course we respect the will of the Icelandic people in this matter and we are going to have to now go and talk to the international partners with whom we work, not least the government of the Netherlands. It now looks like this process will end up in the courts," he said.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in