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.

News Article by noname
Translated by Anya
Original Article in Icelandic

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