Iceland: Iceland wants more aid from Nordic neighbours

Iceland is seeking more financial aid from Nordic neighbours, Icelandic Prime Minister Geir Haarde said at a press conference yesterday.

Before a meeting of Nordic prime ministers in Finland, Haarde said economic output in Iceland was estimated to drop some 10 percent next year. He hoped the North Atlantic nation would be able to get loans from its Nordic neighbours.

"We are going to get through this crisis and move on," said Haarde, adding that Iceland had agreed with the International Monetary Fund last week on a loan of 2.1 billion U.S. dollars.

The Prime Minister was kind enough to stress that he didn't want to put pressure on his colleagues, but Iceland still needed about four billion U.S. dollars.

Published by Mike Hitchen, OverallStrategy.com
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