Viewing cable 09REYKJAVIK198, ICELANDIC GOVERNMENT OPTIMISTIC PARLIAMENT WILL
Every cable message consists of three parts:
- The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
- The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
- The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #09REYKJAVIK198.
|09REYKJAVIK198||2009-11-04 18:06||2011-01-13 05:05||CONFIDENTIAL||Embassy Reykjavik|
VZCZCXRO9083 PP RUEHDBU RUEHFL RUEHKW RUEHLA RUEHNP RUEHROV RUEHSL RUEHSR DE RUEHRK #0198 3081801 ZNY CCCCC ZZH P 041801Z NOV 09 FM AMEMBASSY REYKJAVIK TO RUEHC/SECSTATE WASHDC PRIORITY 4211 INFO RUEHZL/EUROPEAN POLITICAL COLLECTIVE PRIORITY RHEHNSC/NSC WASHDC PRIORITY RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY
C O N F I D E N T I A L REYKJAVIK 000198 SENSITIVE SIPDIS TREASURY FOR MYERS AND NORTON NSC FOR HOVENIER E.O. 12958: DECL: 11/04/2019 TAGS: EFIN IC NE PGOV PREL UK SUBJECT: ICELANDIC GOVERNMENT OPTIMISTIC PARLIAMENT WILL PASS ICESAVE AGREEMENT, TURNS FOCUS TO BUDGET REF: A. REYKJAVIK 191 ¶B. REYKJAVIK 190 ¶C. REYKJAVIK 176 Classified By: CDA SAM WATSON FOR REASONS 1.4 (B) AND (D) ¶1. (C) In a meeting with Charge and Econoff, Minister of Finance Steingrimur Sigfusson stated that he believes by next week the Icesave agreement will be out of committee and return to parliament for its second reading. He said that the government had learned from the last vote on Icesave and that this time the process will not drag out for months. Sigfusson expressed confidence that the vote will occur, and that the bill will pass, prior to the November 30 deadline stipulated in the amended Icesave agreement. ¶2. (C) With the Icesave issue seeming on track, the government has directed its attention to completing the 2010 budget by the November 30 deadline under Icelandic law. In an effort to address record deficits, the government is considering implementing significant budget cuts and tax increases, while also balancing the need to attract foreign investment (reftels A and B). Sigfusson acknowledged that the goals in the 2010 budget are ambitious, due in part to the larger than expected drop in consumption. He noted, however, that despite revised estimates projecting less growth in 2010 than previously anticipated, he expects the country to rebound even stronger in 2011 with some flexibility and understanding from the IMF. WATSON