2011 Icelandic loan guarantees referendum

2011 Icelandic loan guarantees referendum
9 April 2011 (2011-04-09)
Act No. 13/2011 authorizes the Minister of Finance to ratify the agreements signed in London on 8 December 2010, regarding the responsibility for the reimbursement of the Depositors' and Investors' Guarantee Fund to the British and Dutch governments for the payment costs of minimum insurance to depositors in branches of Landsbanki Íslands hf. in Great Britain and the Netherlands and for the payment of balances and interests on those obligations.

The law was approved by the Althingi on 16 February 2011, but the President of Iceland refused to ratify it.

Should Law No. 13/2011 remain in force?
Results
Choice
 Votes  %
Yes 69,462 40.23%
No 103,207 59.77%
Valid votes 172,669 98.60%
Invalid or blank votes 2,445 1.40%
Total votes 175,114 100.00%
Registered voters/turnout 232,460 75.33%

A referendum on the repayment of loan guarantees by Iceland to the governments of the United Kingdom and the Netherlands over the failure of the Icesave bank was held in Iceland on 9 April 2011. This was the second referendum on the issue after a previous one was held in March 2010. After the referendum failed to pass, the British and Dutch governments said that they would take the case to the European courts.

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