Icesave referendum this Saturday

Steingrimur J. Sigfusson, Iceland’s Minister of Finance, and Katrin Jakobsdottir, Minister for Education, have urged members of their Left Green Movement to vote yes in this Saturday’s Icesave referendum in a column on the party website.

They write that the outstanding balance of Icesave will be around ISK 32 billion (EUR 196.7 million), which they describe as a manageable cost. They say that it is preferable to approve the contract with the British and Dutch and take on the debt responsibility than it is to hinder Iceland’s economic recovery further.

In closing, they write: “It is our opinion that by voting ‘yes’ on the 9th April, we will be minimising the damage caused by this regrettable matter as much as possible. If we vote ‘no’, the uncertainty will be extended and we would be taking a great risk.

“Considering the situation we are still living with and how important it is to rebuild, not least so we can concentrate on bringing unemployment down, ‘yes’ is the most prudent choice.”

As mentioned above, the Icelandic nation will vote in a referendum on the latest Icesave agreement this Saturday. Opinion polls suggest that the country is divided over the issue.

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