Results of Referendum Vote Show Icelanders Are Not Happy With Repayment Option
Let’s go halfway across the pond to Iceland for a little bit of international intitiative & referendum news.
Citizens of Iceland voted this past weekend on a repayment plan to pay back patrons of an Icelandic bank that failed. With the results almost completely tallied I think it’s safe to say that they did not like the repayment plan. It’s back to the drawing board for the government of Iceland on how to repay the debt.
As upset as the citizens of Iceland seem to be over the whole situation of the bank failure and the repayment, it’s much better for them to have a voice and opinion in coming up with a solution than being completely shut out of the process. I would venture to guess that had the government and banks simply come up with a repayment plan and implemented it without the input or consent of the citizens there would have been trouble.
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