Iceland attacks `friends' for lack of support Geir Haarde, Iceland's prime minister, said on Tuesday that the country's "friends" had not offered financial assistance to his country, forcing it to seek a capital injection from Russia. Iceland earlier revealed that Russia had agreed to provide the country with a €4bn ($5.4 bn) loan as the crisis-hit country set about shoring up its foreign exchange reserves, although Russia's deputy finance minister, Dmitry Pankin, later said no agreement had been reached. Iceland's currency, the krona, rallied on the news wiping out losses made on Monday and earlier on Tuesday. "We have throughout this year asked many of our friends for swap agreements and for other forms of support in these extraordinary circumstances," Mr Haarde said. "We have not received the kind of support that we were requesting from our friends. So in a situation like that one has to look for new friends."
Geir Haarde, Iceland's prime minister, said on Tuesday that the country's "friends" had not offered financial assistance to his country, forcing it to seek a capital injection from Russia.
Iceland earlier revealed that Russia had agreed to provide the country with a €4bn ($5.4 bn) loan as the crisis-hit country set about shoring up its foreign exchange reserves, although Russia's deputy finance minister, Dmitry Pankin, later said no agreement had been reached.
Iceland's currency, the krona, rallied on the news wiping out losses made on Monday and earlier on Tuesday.
"We have throughout this year asked many of our friends for swap agreements and for other forms of support in these extraordinary circumstances," Mr Haarde said. "We have not received the kind of support that we were requesting from our friends. So in a situation like that one has to look for new friends."
((*jaw)) In the long run, we're all dead. John Maynard Keynes
We aren't short of opportunities these days. But Jérôme got there first. "The womb that spawned that thing is fertile yet"
