Iceland’s President Olafur Grimsson won a record fifth term after securing 52.4 percent of the vote on June 30 . . . his closest competitor received 33.4 percent . . . Grimsson opposed bailing out Iceland’s banks after their collapse in 2008 despite calls from the United Kingdom and Netherlands to repay its debts . . . the country is being sued by the European Free Trade Association for failing to honor depositor guarantees . . . voters were likely looking for stability and expressed their opposition to economic austerity measures . . . Grimsson’s re-election will be an additional roadblock to efforts by Iceland’s Parliament to complete the process for the country to become a member of the European Union.
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