ICESAVE DEAL GETS 'NO' VOTE

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STORY: ICESAVE DEAL GETS 'NO' VOTE DATELINE: April 10, 2011 LENGTH: 0:01:34 LOCATION: Oslo INTRO Partial referendum results show Icelandic voters have rejected a government-approved deal to repay debts to Britain and the Netherlands from a bank crash. World News has the details. PKG With 70 percent of the vote counted on Sunday, the "no" vote was nearly 58 percent against about 42 percent "yes". Britain and the Netherlands used more than 5 billion U.S. dollars to bail out depositors holding the Icesave online savings accounts. Around 230,000 voters were asked to decide on a proposal to pay back Britain and the Netherlands. Under the new deal, Iceland will pay the money back to the two countries at a 3.3-percent interest rate between 2016 and 2046, rather than a 5.5-percent interest rate between 2016 and 2024 as demanded earlier. Many Icelandic people said that it's unfair for taxpayers to pay the loss due to mistakes made by private banks. `SOUNDBITE (ENGLISH) TRYGGVI PA Powered by www.newslook.com Producer : Xinhua News Agency

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