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Young people sitting next to a mural in the Icelandic capital (Photo: European Commission)

Iceland voters reject Icesave deal for a second time

Iceland's bitter row with the Netherlands and the UK over the loss of billions of depositors' money in a collapsed online bank has reached a new stage after Icelandic voters on Saturday rejected for the second time a deal to resolve the issue.

Icelanders voted by 60 percent against a deal that reduced the interest rate demanded by the Hague and London from 5.5 percent down to 3.2 percent.

However, a majority of voters felt that even this was unfair, and have flatly refused to use...

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Young people sitting next to a mural in the Icelandic capital (Photo: European Commission)

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