Icesave back to committee before third and final reading

alþingiIceland’s Althingi parliament has voted in favour of sending the Icesave bill back to the parliamentary Budget Committee. After the committee’s amendments and approval, it will be able to return to parliament for its third and final reading.

The bill’s second reading has been a victim of opposition filibustering and has been held up for weeks. 32 government MPs voted for the bill accepting sovereign responsibility for British and Dutch savers’ Icesave losses. 29 MPs voted against.

Left Greens Ogmundur Jonasson and Lilja Mosesdottir were the only coalition members to vote with the opposition.

It is still not clear whether the bill can be passed into law before the New Year as promised (or if it will at all).

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