By Omar R. Valdimarsson and Tasneem Brogger
Iceland will hold a referendum on a depositor accord with the U.K. and Netherlands after President Olafur R. Grimsson blocked the bill in a move that threatens to undermine the island’s efforts to repair international relations.
“The constitution is very clear about the need for a referendum in this situation,” Prime Minister Johanna Sigurdardottir told reporters in Reykjavik today.
Grimsson vetoed the so-called Icesave accord after more than 60,000 of Iceland’s 320,000 inhabitants signed a petition urging him to reject the legislation.
Continue reading Iceland to Hold Referendum on Icesave After Veto
