Pent-up fury drives debt referendum in Iceland - Papers

clock

Across their rugged island, Icelanders are preparing this weekend to reject a deal supposed to end the bitter Icesave dispute between Reykjavik and London.

About 75% of Iceland is expected to vote "no" in an emotionally charged referendum to be held tomorrow. Despite last-minute negotiations with the UK and the Dutch finance ministry, the referendum looks a lost cause according to The Times. At stake is a relatively small sum for Britain that is seen as a crippling imposition by Icelanders. Icesave was a high-interest-paying online bank that attracted 229,000 British investors. Read full story...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession