The second reading of the Icesave bill will continue in Iceland’s Althingi parliament today after being suspended late Saturday night with 11 MPs still waiting to speak. The session begins again today at 10.30, although Icesave is not the first item on the agenda. If the bill passes, it will go to the President for ratification which is nearly always granted; but public pressure is mounting for President Olafur Ragnar Grimsson to send this particular bill to a public vote.

Over 7,000 people had, yesterday evening, already signed a petition from the In Defence Group, urging Icelandic president Olafur Ragnar Grimsson not to sign the expected Icesave contract with the UK and the Netherlands when it passes parliament. Read the full story

The Icelandic government’s proposed changes to the tax system have undergone big changes in previous days. The latest idea involves leaving the system almost unchanged for those with low and medium earnings. Read the full story

The Icelandic government’s latest bill concerning state responsibility for Landsbanki’s failed Icesave accounts in the Netherlands and the UK was passed last night by the Althingi appropriations committee. Read the full story

The Icesave bill signed yesterday will, in all likelihood, be passed by Althingi. Four Left Green MPs have consistently refused to toe their party line; but at least two of them now appear willing to vote in favour. Read the full story

The parliamentary president’s committee has decided in a meeting on Wednesday that it will terminate its Morgunbladid subscription for MPs. The Icelandic parliament has, up until now, paid for each Member of Parliament to receive a daily copy of the newspaper. Read the full story

The Icelandic parliament finance committee is meeting today at 14.00 GMT to discuss the changes to the Icesave bill accepted by parliament last night. Read the full story

Icelandic Prime Minister Johanna Sigurdardottir took the unusual step of writing an opinion piece for the Financial Times which went on the paper’s website yesterday evening. In her article “Icelanders are angry but will make sacrifices”, the PM lays out her version of why the Icesave deal is potentially unfair on Icelanders. Read the full story

Hoskuldur Thor Thorhallsson, an MP for Iceland’s Progressive Party, believes the figures recently released on likely economic migration away from Iceland are too high.

“I hope it will not be as bad as it was in the Faroe Islands during their crisis; but I think these figures have been very carefully predicted. This could be a very serious problem,” Read the full story

The Icelandic Parliament, known locally as Althingi, will have a meeting today at 10:30 local time (UTC 0).  The main focus will be discussion about membership in the European Union. This talk has been going on for quite some time and opinions are rather split and mixed about joining the EU. Read the full story