Icelanders have rejected a referendum asking them to repay the $5.3 billion given to them by the Netherlands and U.K. to save the country from defaulting in the wake of the financial collapse.
Icelanders have rejected a referendum asking them to repay the $5.3 billion given to them by the Netherlands and U.K. to save the country from defaulting in the wake of the financial collapse. "Some 93.1 per cent of voters cast ballots opposing the deal, partial results showed after 32 per cent of ballots were ounted, RUV public broadcaster, which compiles all electoral statistics, said. Only 1.6 per cent of voters so far voted "yes" to the Icesave deal. 'Initial figures indicate clearly that the December amendment to the Icesave legislation of August 2009 will be repealed,' the government said in a statement just minutes after polling stations closed. Icelanders were asked to vote on whether the country should honour an agreement to repay the UK and the Netherlands $5.3 bn. This would be to compensate them for money they paid to 340,000 of their citizens hit by the collapse of Icesave in 2008. Observers said an Icelandic refusal to repay the money could block the remaining half of a $2.1bn International Monetary Fund rescue package, as well as its EU and euro currency membership talks. It could also damage Iceland's credit rating and destabilise the government, which negotiated the agreement in the first place."
Delay, deny and deflect were the strategies Facebook has used to navigate scandals it's faced in recent years, according to the New York Times.
- The exhaustive report is based on interviews with more than 50 people with ties to the company.
- It outlines how senior executives misled the public and lawmakers in regards to what it had discovered about privacy breaches and Russian interference in U.S. politics.
- On Thursday, Facebook cut ties with one of the companies, Definers Public Relations, listed in the report.
Protected animals are feared to be headed for the black market.
Sure we know it would be bad, but what do all of these scary numbers really mean?
- At the press time, the value was $21.7 trillion dollars.
- Lots of people know that a default would be bad, but not everybody seems to get how horrible it would be.
- While the risk is low, knowing what would happen if a default did occur is important information for all voters.
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