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...
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