Ólafur Ragnar Grímsson refused to sign off legislation passed by the Icelandic parliament for the first time in decades last week, after around 60,000 (a quarter of Iceland's voters) signed a petition urging him not to approve the bill.
"If the president doesn't make any comments today then I believe [the prime minister] will contact him tonight and urge him to complete the matter, one way or another," said Bjorn Valur Gislason, deputy chairman of the budget committee.
If the president were to reject the Icesave bill, the legislation would go to an unprecedented referendum, where it would face with strong opposition from Icelandic taxpayers who argue they should not be made to pay for the failure of the online bank.
Iceland's president under pressure over Icesave - Telegraph
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