On the day that President Grímsson announced that he would not sign the new Icesave law, the UK Financial Services Secretary Lord Myners responded saying that "The Icelandic people, if they took that decision to accept the bill, would effectively be saying that Iceland doesn't want to be part of the international financial system," while Dutch finance minister Wouter Bos called such a decision "unacceptable" and stated that whatever the outcome of the Icelandic referendum, Iceland would still be "compelled to pay back the money". Iceland's prime minister, Jóhanna Sigurðardóttir, ensured towards the international community that her government was still committed to campaign for electoral approval of the Dutch and UK loan guarantee agreements, because these agreements were considered to pave the way for enactment of a comprehensive IMF bailout package to Iceland, and thus viewed as being integral to the country's economic revival.