Iceland referendum  

The people of Iceland have had their say on the Icesave Agreement that their Parliament ratified in December. Their decision to reject it comes as no surprise, given recent polling. But for Iceland much rides on resolving the Icesave issue and settling the debt owed to UK and Dutch tax-payers. The Icelandic Government fully realises this. I very much welcome the statement they made on Saturday underlining their commitment to repayment of the full amount owed, and their desire to draw a line under the issue.  Doing so will allow them to focus on delivering economic recovery and pursuing their application to join the European Union, where the UK is amongst their most vigorous supporters....