Banking Debt Referenda
There were several referenda to decide about the Icesave Icelandic bank debts. The first Icesave referendum (Icelandic: Þjóðaratkvæðagreiðsla um Icesave), was held on 6 March 2010. The referendum was resoundingly defeated, with 93% voting against and less than 2% in favor.
After the referendum, new negotiations commenced. On 16 February 2011 the Icelandic parliament agreed to a repayment deal to pay back the full amount starting in 2016, finalising before 2046, with a fixed interest rate of 3%. The Icelandic president once again refused to sign the new deal on 20 February, calling for a new referendum. Thus, a second referendum would be held on 9 April 2011 also resulting in "no" victory with a lesser percentage. After the referendum failed to pass, the British and Dutch governments said that they would take the case to the European courts.
Read more about this topic: 2009 Icelandic Financial Crisis Protests
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