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REYKJAVIK, Jan canada goose uk black friday 6 (Reuters) Iceland government proposed on cheap canada goose uk Wednesday a Feb. 20 referendum on repaying Britain and the Netherlands for huge sums lost canada goose store in a failed savings bank, an issue that Canada Goose Coats On Sale divides the country and threatens more economic pain.
Parliament had approved the deeply unpopular bill, but President Olafur Grimsson stunned international canada goose factory sale markets and the government on Tuesday by Canada Goose Jackets refusing to sign it, citing a wave of popular anger over the measure.
buy canada goose jacket cheap The Feb. 20 date was given in a draft referendum bill, seen by Reuters, which is due to go before parliament. Legislators have been called back to start work on Friday, nearly three weeks ahead of schedule, due to the Icesave impasse. buy canada goose jacket cheap
canada goose coats The government confirmed in a statement it would propose a referendum for late February, but did not specify the date. canada goose coats
Swathes of the 320,000 population think it unfair that they should have to pay for the mistakes of private firms under canada goose coats on sale the watch of foreign governments.
Canada Goose Parka Polls buy canada goose jacket released on Wednesday showed opposition to the bill is uk canada goose strong, although it has eased in recent weeks. Polling firm MMR reported 58 percent of respondents would vote against canada goose clearance sale the bill, while a Gallup poll said 51 percent were opposed. Canada Goose Parka
The Icesave saga threatens to hold up much needed financial aid for Reykjavik, put the country European Union candidacy in jeopardy and undermine the coalition government.
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The president move has made the Canada Goose Online task more daunting.
canada goose don like canada goose coats it, certainly, Economics Minister Gwlfi Magnusson told Reuters in a telephone interview. we wish things were different, but those were the cards that were dealt and we trying to do our best given the situation. canada goose
Magnusson said further aid from the International Monetary Fund and efforts to canada goose clearance loosen capital controls were on hold until the Icesave impasse was settled.
canada goose black friday sale could say it put on ice until the problem has been resolved, Magnussen said, adding that the result could be a further contraction of the Icelandic economy this year after a fall estimated at more than 8 percent in 2009. canada goose black friday sale
buy canada goose jacket Ministers rushed to allay foreign creditors fears, holding talks with their counterparts in Britain and the Netherlands as well as at the EU level, a government spokesman said. buy canada goose jacket
Canada Goose Outlet State media uk canada goose outlet reported that Finance Minister Steingrimur Sigfusson would meet British officials in the coming days. A government official said Foreign Minister Ossur Skarpheoinsson would speak canada goose with British Foreign Secretary David Miliband. Canada Goose Outlet
Canada Goose sale RAMIFICATIONS The European canadian goose jacket Commission said on Wednesday that the way Reykjavik handles the Icesave issue could affect canada goose uk shop the assessment of its EU membership bid. Canada Goose sale
Financial markets took a dim view of developments, although international exposure to Iceland is much smaller than in the heady years that preceded its October 2008 meltdown.
canada goose clearance The Canada Goose sale cost of Canada Goose Outlet insuring Icelandic debt against restructuring canada goose uk outlet or default jumped on Wednesday. Five year credit default swaps rose 38 basis points to 482 bps from Tuesday close, according to CDS monitor CMA DataVision. canada goose clearance
Canada Goose online Moody Investors Service said the Icesave referendum could lead to political instability which would put pressure on the country credit buy canada goose jacket cheap ratings. Canada Goose online
canada goose clearance sale Rival agency Fitch downgraded Iceland to status on Tuesday and Standard canada goose sale Poor said it too may slash its ratings. canada goose clearance sale
Grimsson, whose post is mostly symbolic, used his constitutional power to force a referendum. It was only the second time in the republic 65 year history that a president has refused to sign a bill.
ANGER Iceland applied for EU membership last year, but public opinion on joining the bloc has soured, in large part because of the Icesave issue.
Many Iceland residents believe Britain and the Netherlands are using their veto power as EU members and their IMF voting rights to bully the small North Atlantic nation.
canadian goose jacket A group called InDefence has mobilised anti Icesave sentiment, organising a petition that called on the president to reject the Canada Goose Parka bill and acting to rally the public on the issue. canadian goose jacket
referendum is not about whether Iceland should pay, but how much and how fair the deal is, Johannes Skulason, a spokesman for InDefence said. is immense anger at the Icelandic bankers who gambled the future of Iceland economy, lost and then Canada Goose online ran away.
canada goose coats on sale People in Iceland are also furious with Britain, which used anti terrorism legislation to freeze cheap Canada Goose Icelandic assets during a chaotic period in late 2008 when Iceland banks all collapsed canada goose coats on sale.