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

Iceland celebrates after rejecting Icesave payback plan

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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.

READ MORE: Iceland rejects bank payback plan

SEE ALSO

Icelanders say no to debt plans(00.20)
Iceland says 'no' to payback plan(02.11)

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