Icesave Referendum: 60 Percent Reject Legislation Skip to content

Icesave Referendum: 60 Percent Reject Legislation

Almost 60 percent of Icelandic voters decided to reject the new Icesave legislation in yesterday’s referendum. In all constituencies the majority voted “no”, including Reykjavík South where the first numbers indicated it might be the only constituency where the majority said “yes”.


From the 2008 protests. Copyright: Icelandic Photo Agency.

These are the final numbers, as stated on

Reykjavík North: 46.7 percent voted “yes”, 53.3 percent “no”. Voter Turnout was 73.2 percent.

Reykjavík South: 45.7 percent voted “yes”, 54.3 percent “no”. Voter Turnout was 75.3 percent.

Southwest: 41.6 percent voted “yes”, 58.4 percent “no”. Voter Turnout was 77.8 percent.

South: 27.1 percent voted “yes”, 72.9 percent “no”. Voter Turnout was 75.5 percent.

Northwest: 37.4 percent voted “yes”, 62.6 percent “no”.

Northeast: 37.8 percent voted “yes”, 62.2 percent “no”. Voter Turnout was 73.2 percent.

Minister of Economic Affairs Árni Páll Árnason told RÚV yesterday he would contact the EFTA Court to discuss how to progress after the weekend.

With the second Icesave legislation being rejected in a national referendum (the first in March 2010) there will be no more talks with the British and Dutch governments; the dispute will be taken to court.

The Icesave legislation, which the Icelandic parliament passed earlier this year but the president sent on to a referendum, was made after an agreement was reached between the three countries on the terms of the loans the UK and the Netherlands were going to grant Iceland to compensate the depositors of Icesave, the branch of the Icelandic bank Landsbanki in their respective countries.

Click here to read more about the referendum. Here are some more articles on Icesave:

The President’s Icesave Declaration

President of Iceland Vetoes Icesave

Icesave Petition Handed to President of Iceland

Icesave in the Hands of Iceland’s President

Icesave Passed in Iceland’s Parliament

New Icesave Deal Presented in Iceland

New Icesave Deal Presented in Iceland

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