Thread: UK and Netherlands to sue Iceland over lost deposits
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Old 10-04-2011, 20:54   #1
Maggy
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UK and Netherlands to sue Iceland over lost deposits
http://www.bbc.co.uk/news/business-13029210
Quote:
The UK and Dutch governments are preparing court action against Iceland to recover 4bn euros (£3.5bn) lost when the country's bank system collapsed.
It follows a referendum in Iceland which rejected a repayment plan.
The UK said it was "disappointed" by the "no" vote, while the Dutch finance minister said the time for negotiations was "over".
Iceland's Finance Minister Steingrimur Sigfusson said that resolving the row in court would take at least a year.
I'm still trying to work out why they had a referendum.
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