Referendum on the Icesave Agreement Law - 6th March 2010
On 6th March the Icelanders are being called to vote by referendum on the law approved on 31st December by the Althing (Parliament) whereby the Icelandic State commits to providing its guarantee to a loan representing 3.8 billion euros payable over 15 years at a rate of 5.55% and to reimburse the 320,000 clients, notably British and Dutch, of Icesave. The President of the Republic Olafur Ragnar Grimsson decided not to ratify the law in virtue of article 26 of the Icelandic Constitution. The people are therefore being called to decide and answer to question "Do you approve of the law on the Icesave agreement?"
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