This new Icesave agreement was considered by many to be the best deal that Iceland could achieve around the negotiating table and was far better than the previous agreement. However now it looks like it will go to a European court for the final outcome to be determined...this may take several years. This topic has dominated the national TV station here, but because I still do not have a grasp of the language I miss most of it, however I do follow a few English written blogs about the issue. It is has been widely covered in Europe but I am not sure that it gets much of a mention if any on Australian TV... so if you would like to know more check out these links about the current referendum here, here and this one here is a TV interview with Lee Buccheit the chief negotiator of the deal (apart from the introduction the interview is in English).
Not to do with the referendum, but I found this interview quite fascinating, although a couple of years old, the discussion is especially current with what is being implied in this article where very very wealthy investors are trying to buy their citizenship to this country.
Part 1 (apart from the introduction the interview is in English)