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Iceland appears to reject $5.3 bln compensation bill

© Sputnik / Yuryi Abramochkin / Go to the mediabankMore than 300,000 Dutch and British customers lost their assets when the country's largest bankwent bankrupt in October 2008
More than 300,000 Dutch and British customers lost their assets when the country's largest bankwent bankrupt in October 2008 - Sputnik International
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Voters in Iceland seem to overwhelmingly reject the bill to repay $5.3 billion to foreign customers of the country's largest bank.

Voters in Iceland seem to overwhelmingly reject the bill to repay $5.3 billion to foreign customers of the country's largest bank, local media said on Sunday.

With about 30% of the vote counted, only 1.5% of the voters said "yes" to the bill, while the overwhelming majority of 93% voted against in the country's first-ever referendum.

The remaining ballots were either spoiled or blank, and declared invalid.

More than 300,000 Dutch and British customers lost their assets when the country's largest bank, Landbanki, went bankrupt in October 2008.

The governments of the U.K. and The Netherlands reimbursed their citizens and are now seeking to get the money back from Iceland. The debt makes more than 40% of Iceland's GDP.

 

MOSCOW, March 7 (RIA Novosti)

 

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