Icelands President says no - to Icesave

Ólafur Ragnar Grímsson, President of Iceland, announced today that he had decided to refuse the law that guarantees the payment of Icesave account in England and Holland
"Now the Icelandic people will have the power and responsibility is now in their hands," said Olafur Ragnar included in a statement. "It is my sincere hope that this outcome will lead to permanently reconciliation and progress for Icelanders as it lays the foundation for good cohabiting with all nations. "
Now a referendum must take place and the people of Iceland will decide about the Icesave account.

A spokesman for the Dutch Finance Ministry says that is very disapointed with the decision of the Icelandic President
It is unacceptable that no solution is available in Icesave matter. Netherlands bíði now for the responce of the Government of Iceland.

Holland looks at Iceland as an Unreliable countrie .

"All financial assistance to Iceland , is out , if Icelandic people say no to the Icesave payment" , according to Paul Myners , bank minister of the UK , and aslo that if the ICelandic People said no, then iceland would be out of every International market on the planet .