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The Icelandic parliament voted to approve a plan to make repayments over time to UK and Holland.
The deal was reached in December after long negotiations and approved by Iceland’s parliament in January but vetoed by President Olafur Ragnar Grisson amid strong public opposition.
When there is opposition in such strength among the population a referendum in Iceland is a usual method to seek confirmation of the parliaments decisions.
How can that not be anything but democratic? Mafioso, I don’t think so.
In any case the President has said the money must be repaid if they ever want to be part of the EU which they do.