Icelandic Government and Opposition Agree on Icesave Skip to content

Icelandic Government and Opposition Agree on Icesave

An agreement was reached between the Icelandic government and the opposition in the Althingi parliament last night on how to progress in the Icesave debate. Discussions ended at 4 am.

Inside Althingi. Copyright: Icelandic Photo Agency.

The agreement includes that the second round of discussions will be completed today. Then the case will be discussed by the parliament’s Budget Committee, where former Prime Minister Geir H. Haarde and former Minister for Foreign Affairs Ingibjörg Sólrún Gísladóttir will participate in discussions, reports.

“We have full reason to believe that the government is serious about working on the matter in compliance with the procedure that we introduced to the Budget Committee. To review all these things that have been discussed for the past days and weeks and then we’ll continue into the third round of discussions,” said Illugi Gunnarsson, chairman of the Independence Party parliamentary group.

Two former Supreme Court judges, Gudrún Erlendsdóttir and Pétur Hafstein, will be asked to provide their written opinion on whether the Icesave bill is in compliance with the Constitution of Iceland.

Furthermore, the opinion of a British law firm will be acquired on whether the Icesave agreement between the Icelandic, British and Dutch governments is conventional and comparable to similar agreements.

British legal experts will also be consulted on whether equality was preserved when the Icesave agreement was made.

The Althingi parliament’s Economic and Tax Committee will in the meantime review the estimation on economic commitments, interest rates and other economical matters.

Lastly, the Icesave debate will be up for a third round of discussion in parliament and it is uncertain whether that will happen before Christmas.

According to Morgunbladid, almost 31,000 people have now signed a petition urging President of Iceland Ólafur Ragnar Grímsson to veto the Icesave legislation.

Click here to read more about Icesave.

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