Joe Lynam viðskiptafréttamaður skrifar þessa greiningu á Icesavemálinu á vef BBC.
„The Icelandic people were damned if they did and damned if they didn’t. It looks as if they still couldn’t stomach the idea of paying off the debts of privately owned banks – even if the revised deal was considerably more generous.
The consequences of this referendum vote is that Iceland’s years in the financial wilderness could be extended much further.
Moody’s and other ratings agencies look set to downgrade the country even further, making it prohibitively more expensive to borrow on the open markets.
Iceland’s bid to join the EU will be paused or even vetoed by Britain and the Netherlands. And the tiny Atlantic economy is facing legal action in the EFTA court which might force it to pay up sooner than planned and at a punitive interest rate.
Democracy doesn’t pay if you’re an Icelander.“
