Monday, April 11, 2011

Iceland's no vote on Icesave was a public display of anger

Referendum result … Icelanders celebrate the rejection of a repayment deal for Icesave. Photograph: Halldor Kolbeins/AFP/Getty Images

Even before the final result was in, the tenor of national and international reaction to the Icelandic public's latest rejection of a deal for Icesave was crystal clear. "We must do all we can to prevent political and economic chaos as a result of this outcome," prime minister Johanna Sigurdardottir said early yesterday morning. Around the same time, at the Treasury in London, Danny Alexander warned that the British government would see Iceland in the international court. Article here

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