The government passed a bill yesterday of their behalf about the referendum because of the decision of the president to reject to confirm the legislation of the parliament.

Special legislation will be set around the elections and the parliament will process the bill on Friday. As is known are no law at hand about the execution of a referendum and so will be needed to set a special legislation now.

Olafur Ragnar Grimsson, president of Iceland, announced today that he has decided to reject the recently set legislation about the government responsibilities because of the Icesave commitments.

"The nation will now have the power and responsibility in its hands," said Olafur Ragnar amongst other in his statement. "It is my hope that this will lead to permanent  reconciliation."

According to a clause in the constitution will the legislation be valid, but the national election will determine its final value.

"I think this is absolutely ridiculous and rude to claim that the prime minister of Iceland is standing in the way of getting a loan without conditions for Iceland," says Johanna Sigurdardottir prime minister about the comments of Hoskuldur Thor Thorhallsson that she has been working against a giant loan from Iceland.

In the news website of ABC Nyhæder says, that Stoltenberg had in an e-mail, which he sent Johanna the day before yesterday, ruled out that Norway would grant Iceland a larger loan and also iterated that Iceland has to fill theconditions of the IMF before they can process the first loan.

"I have made it clear that I will not change my stand. I am not on my way back and I will continue to be independent," says the parliamentarian Thrainn Bertelsson but the chairman of the civil movement discussed with him this weekend about possibly turning back as their parliamentarian.

Thrainn was very unhappy hen his co-parliamentarians within the civil movement, the same as had founded the movement betrayed an agreement about voting with the EU during the summer congress. In stead they tried to force the majority to review the Icesave matter against their vote for the EU membership application.

The parlamentarians of the civil movement are still thinking about if they intend to continue to work for the movement after great disputes regarding law and its future at the national meeting yesterday. Political scientist says the lack of organizing and experience is putting its mark on the party and impossible to say if it survives through out the term.

There has been great activity in the civil movement lately. Thrainn Bertelsson one of the four parliamentarians of the movement resigned from the party because of inside disputes.

The Icesave bill of the government was just now approved with 34 votes against 14. Fourteen did not vote, and one was absent.

Most parliamentarians who gave a reason for their vote were agreeing about that the preconditions that had been set while making the contract was an improvement.

Progressive party members thought that the preconditions were not extensive enough and voted against the contract.

The government stands and falls with the Icesave case according to the sources of the newsroom. The entire economy of Iceland is kept in captivity because of the case. Ogmundur Jonasson minister of health says it is not like that, but expects a solution.

Ogmundur Jonasson minister of health for theleft wing party says the Icesave case is about not piling debts on the nation. He can sense a rich will in all of the parties to get as broad unity about the advance notice of the government responsibilities of Icesave which insures the best interests of Iceland.

Gylfi Magnússon, minister of commerc, said in Althing that the statements regarding Iceland ability to stand by the Icesave committments, are simply wrong. 

Gylfi says that Icelands export revenue has been over 5 billion Euros every year and has grown by 8% on average in the last 15 years.

Thor Saari parliamentarian of the civil movement says that the total amount of the Icesave contracts much higher than Iceland is able to handle but there is a parliamentary resolution being prepared to protest the draft of the contract with England because of Icesave.

There is a loud rumor at the parliament that the contract is to be signed very soon but Steingrimur J. Sigfusson minister of finance denied that at the inquiry time at the parliament today.

The ambassador of Iceland in London, Sverrir Haukur Gunnlaugsson, as was requested by Ossur Skarphedinsson minister of foreign affairs, sent all of the parliamentarians of the English parliament a letter which is a reaction to the report of the financial committee of the English parliament which was published in April this year. The number of letters are in total 1400. The letters were all sent last week.