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Icelandic President Olafur R. Grimsson (J.M. Eddins Jr./The Washington Times)

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Smoke rises from Iceland's Grimsvotn, the island nation's most active volcano, on Saturday, May 21, 2011. (AP Photo/Halldora Kristin Unnarsdottir)

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Smoke and ash rise from Iceland's Grimsvotn volcano, which lies under the Vatnajokull glacier, about 120 miles east of the capital, Rejkjavik, on Saturday, May 21, 2011. (AP Photo, Jon Gustafsson)

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** FILE ** A customer leaves a branch of the Landsbanki in Reykjavik, Iceland, in October 2008. Icelanders voted on Saturday, April 9, 2011, in a referendum to determine whether the nation will repay Britain and the Netherlands in full for compensating their citizens who had deposits in the failed online bank Icesave, which was owned by Landsbanki. (AP Photo/Arni Torfason, File)

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Chess legend Bobby Fischer speaks to the press in his hew home of Reykjavik, Iceland, in this Friday March 25, 2005 file photo. Fischer's remains were exhumed Monday, July 5, 2010, to determine whether he is the father of a 9-year-old girl.(AP Photo/John McConnico, file)