InfoAnda - Iceland's defiant president wins record fifth term |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Nintendo slashes forecast again to just break even | | 27 October 2011
Cisco to buy wireless maker Starent for $2.9 bln | 14 October 2009
Sarah Michelle Gellar, husband welcome baby girl | 23 September 2009

America's Cup showcases latest sailing technology | 14 February 2010

Forum Views () Forum Replies ()

Read more with google mobile : Iceland's defiant president wins record fifth term |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Photos of the week Our top photos from the past week. See more Images of May Follow Reuters Facebook Twitter RSS YouTube Read Mormons quit church in mass resignation ceremony 30 Jun 2012 Oil posts fourth biggest daily gain on record 29 Jun 2012 Ruling ups support for Obama healthcare, still unpopular 12:08am EDT Eastern U.S. heat wave continues amid power outages | 4:10am EDT Assad's fate unclear in world powers' Syria plan | 30 Jun 2012 Discussed 232 Supreme Court to deliver Obama healthcare law ruling 94 Sandusky lawyers may use NBC tape error in appeal 76 Analysis: Why Roberts saved Obama’s healthcare law Watched Robot is unbeatable at Rock Paper Scissors game. Fri, Jun 29 2012 Egypt's military hands over power to President Mursi in military ceremony Sat, Jun 30 2012 Oldest sound recording resurrected Thu, Jun 28 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more Raging wildfires Raging fires strike Colorado and Utah. Slideshow Hong Kong: 15 years A look at the last 15 years since Hong Kong's handover back to China. Slideshow Iceland's defiant president wins record fifth term Tweet Share this Email Print Related Topics World » Iceland's president Olafur Grimsson and presidential candidate smiles as he waits for preliminary results of the presidential election in Reykjavik, June 30, 2012. Credit: Reuters/Ingolfur Juliusson By Omar Valdimarsson REYKJAVIK | Sun Jul 1, 2012 3:55am EDT REYKJAVIK (Reuters) - Icelandic President Olafur Grimsson has won a record fifth term in office, riding a wave of support for his defiance of Britain and the Netherlands over massive debts from a bank crash and asserting the tiny nation's stubbornly independent streak. A combative former leader of a now defunct left-wing party, he became a symbol of resistance after the 2008 collapse of Iceland's banks by taking the unprecedented step of refusing to sign into law government bills on repayment of money lost in the crash to its larger European neighbors. In doing so, Grimsson, 69, emboldened a presidential office that had up until then played a mainly ceremonial role and put himself at loggerheads with the centre-left government as well as international creditors. Grimsson, who, unlike the government, also opposes joining the European Union, won 52.4 percent of the vote in Saturday's election to beat his closest rival, television journalist Thora Arnorsdottir, 37, who won 33.4 percent, the tally showed on Sunday after the votes in all but one of six districts had been counted. Grimsson, who served as finance minister from 1988-1991, was once seen as a cheerleader for the freewheeling overseas expansion of Iceland's banks but revived his local standing when he resisted international pressure over the debt deals and spoke out against what he saw as foreign bullying of the island. When the North Atlantic nation's top banks collapsed in the space of a week in 2008, the country adopted a strategy to compensate local savers but not overseas ones, the bulk of which were British and Dutch depositors. These countries later demanded repayment of about $5 billion they spent compensating domestic savers, triggering a fierce international row. Twice, deals with the Icelandic government were agreed only for Grimsson to refuse to sign them, sending the unpopular bills to defeat in public referendums. By effectively vetoing the agreements he broke well over half a century of political tradition and staked out a claim for a much more active and powerful presidential office, a course he pledged to continue if re-elected. The country of just 320,000 people endured more than two years in deep recession following the financial meltdown, but has since made a surprisingly strong recovery led by its traditional fishing industry and sectors such as tourism. Still, unemployment remains high and the austerity measures needed to meet the terms of an international bailout received at the height of the crisis has left the established political parties, already tainted by the collapse, mistrusted by many. The election was a single round and the candidate with the most votes wins a four-year term. Grimsson first became president in 1996. (Reporting by Omar Valdimarsson; writing by Niklas Pollard; Editing by Alison Williams) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 1 July 2012
Yitzhak Shamir, hawkish Israeli premier, dies |
Exclusive: Saudi dissident set to come off U.N. al Qaeda blacklist |
Four divers drown in Italian caving accident |
Belarus frees journalist, seen as gesture to Poland |
Assad's fate unclear in world powers' Syria plan |
Mexican election could return old rulers to power |
Analysis: Italy's Grillo surfs anti-establishment wave |
Drone aircraft kills eight suspected militants in Pakistan |
Two killed in French nightclub shooting, police say |
Rare protest in Vietnam over China claims to offshore oil blocks |
Kenyan police say several feared dead in church blasts |
Iceland's defiant president wins record fifth term |
One killed in Yemen as army pursues militants |
China's Hu urges new Hong Kong leader to heed problems |
Elton John urges Ukraine to stop attacks on gays |
Egypt's new president faces burden of expectation |
U.S. praises EU embargo of Iranian oil, presses Tehran |
Iraq June monthly toll one of highest since U.S. exit |
Spanish forest fires rage out of control near Valencia |
Venezuela's Chavez, Capriles launch presidential race |
Gunman kills two outside French nightclub |
Russians bemused as parking fines shoot up |
Italy's League seeks clean slate with new leader |
Italian regulator threatens Apple with new fines: source |
Foul-mouthed Ted takes movie box office crown |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01