The " NO " had the national referendum yesterday.
So Iceland is in more trouble than before.
UK and Holland will probably go for the courts, and there Iceland will probably loose,and have to pay much more money.
Danny Alexander, deputy finance minister in the UK, says that they are very dissapointed on the national referendum here in Iceland.
And also that now the courts have to decide on the outcome.
That can take many years.
In the meantime, inflation will go up ,and unemployment will increase.