Iceland’s PM Disappointed with President’s Decision Skip to content

Iceland’s PM Disappointed with President’s Decision

Prime Minister of Iceland Jóhanna Sigurdardóttir declared in a press conference held at 12:30 pm today that the government is disappointed with the President of Iceland Ólafur Ragnar Grímsson’s decision in vetoing the Icesave legislation.

Prime Minister of Iceland Jóhanna Sigurdardóttir. Photo by Páll Kjartansson.

Sigurdardóttir explained that a solution to the Icesave dispute is a condition for continued cooperation with the International Monetary Fund (IMF) and the disbursement of loans from the Nordic countries.

The president’s decision therefore upsets further disbursement of these loans and the IMF’s next review of Iceland’s economic stabilization program and jeopardizes the economic progress which the government has made in the past year, the PM stated.

Sigurdardóttir emphasized that Iceland does not intend to run away from its obligations and ended her declaration by saying that an English declaration to that regard will be sent to the international media shortly.

Click here to read more about the president’s decision and here to read the PM’s declaration in English.

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