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Ministry of Finance and Economic Affairs

Parliament agrees on a bill regarding Icesave

The Icelandic Parliament, Althingi, agreed today on a bill from the Minister of Finance that confirms the fresh agreement reached between Iceland, UK and The Netherlands on the Icesave issue. The result was that a strong majority, or more than 2 / 3 of parliamentarians, approved the new agreement. A total of 44 MP´s voted in favor of the agreement , 16 MP´s were not in favor and 3 MP´s abstained. The bill waits the formal approval of the President of Iceland.

"The result of the voting today, with such a strong majority of the Parliament approving the new agreement, is extremely important. The voting will undoubtedly have a positive impact on the Icelandic economy and help the country achieve it's goals in restructuring the economy. Too date much progress has been made in getting Iceland back on track and the resolution of the Icesave issue is a huge step in that direction." Steingrimur J. Sigfusson, Minister of Finance, said when the result of the voting was made clear.

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