Iceland won't pay Britain and the Netherlands (1)
Rahvusvahelised uudised | 05 Jan 2010  | EWR
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The Swedish Wire
REYKJAVIK (AFP) - Iceland's president said Tuesday he would not sign a controversial bill to compensate the British and Dutch governments over the failure of Icesave bank, instead referring the issue to a referendum.

"I have decided, according to Article 26 of the Constitution, to refer this new Act to the people," President Olafur Ragnar Grimsson said in a speech televised to the nation.

Britian insisted, however, that the compensation deal must go through, with the Treasury urging Iceland to meet its "obligations." The Dutch government said it was "extremely disappointed" at the refusal of Iceland's president to sign a bill.

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!10 Jan 2010 14:23
Referendums are the only true modes of expression for citizens in a democracy.
There needs to be more of them in Canada and Estonia !

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