Original article, by Jordan Shilton, via World Socialist Web Site:
Ólafur Ragnar Grímsson, Iceland’s president, announced Tuesday that he would not sign into law the Icesave bill, which stipulates terms for the repayment of loans to Britain and the Netherlands. Instead, a referendum will be held on the matter, with polls indicating that a substantial majority of Icelanders will reject the latest version of the measure.