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Old 10-04-2011, 21:30   #7
Damien
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Re: UK and Netherlands to sue Iceland over lost deposits

Quote:
Originally Posted by Osem View Post
The amount in question wasn't a loan was it? In any event it represents an awful lot of money for a country of only 300,000 people - IIRC about half their entire GDP.
My understanding is the international consequences of failing to pay back the money will be serious. The government desperately wanted a yes because it was the most rational decision, heaven knows when they had a referendum. Paying back so much money isn't going to be popular.
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