Britain is prepared to drag Iceland through the international courts to recoup its money used to bail out savers in collapsed Icelandic banks
Britain is prepared to drag Iceland through the international courts to recoup its money used to bail out savers in collapsed Icelandic banks, the finance ministry said Sunday. Chief Secretary to the Treasury Danny Alexander told BBC television the Iceland referendum result on the repayment deal agreed between the governments was "disappointing". "It now looks like this process will end up in the courts," said Alexander, the number two to finance minister George Osborne. Icelandic voters gave a resounding "no" in a referendum on whether to approve a renegotiated deal to compensate Britain and the Netherlands over the 2008 collapse of Icesave bank, near-complete results out Sunday showed. "It is obviously disappointing that it seems the people of Iceland have rejected what was a negotiated settlement and of course we respect the will of the Icelandic people in this matter," Alexander said. "We're going to have to now go and talk to the in...