Page last updated at 05:44 GMT, Sunday, 7 March 2010

Iceland celebrates after rejecting Icesave payback plan

Voters in Iceland have been celebrating, after overwhelmingly rejecting proposals to pay the UK and the Netherlands in the wake of collapse of the Icesave bank.

With a third of results counted, 93% of voters said "No" in a referendum.

The British and Dutch governments want reimbursement for the 3.8bn euros (£3.4bn; $5.2bn) they paid out in compensation to customers in 2008.

These revellers explain why it means so much.

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