Iceland’s president fights to contain fallout

Iceland’s president scrambled on the 6 January 2010 to contain the fallout from his decision to block legislation to repay the United Kingdom and the Netherlands more than €3.8bn lost in the failed Icesave (Landsbanki) bank as the government proposed a date in February 2010 for a referendum on the controversial deal.

He told the BBC's Newsnight programme that Iceland will pay its debt to the British and Dutch governments.

Deutsche Welle, 6.1.10: Iceland on thin ice after compensation veto http://www.dw-world.de/dw/article/0,,5091369,00.html

NRC Handelsblad, 6.1.10: Veto of repayment bill leaves Iceland isolated http://www.nrc.nl/international/article2452428.ece/Veto_of_repayment_bill_leaves_Iceland_isolated

ESO: Background information: President refuses to sign Icesave deal http://www.europeansources.info/record/president-refuses-to-sign-icesave-deal-reykjavik-warned-of-political-isolation/

Iceland: Prime Minister's Office: News, 6.1.10: Icelandic Government prepares to submit the Icesave legislation for approval by national referendum and remains fully committed to honor Iceland´s obligations with respect to depositor´s insurance http://eng.forsaetisraduneyti.is/news-and-articles/nr/4090

BBC News, 7.1.10: Iceland president says country will pay UK government http://news.bbc.co.uk/1/hi/business/8444829.stm

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