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Iceland secured US$274million from Norway and Denmark yesterday as it sought help to stablise its stricken economy, but talks to secure a far larger loan from Russia continued. Icelandic officials, meanwhile, began talks in Moscow over a US$5.5billion loan to help the country's financial sector. The head of the Icelandic delegation said that there had been no discussion so far on a loan amount from Russia to Iceland, but the group had received an "excellent reception".
also read this interesting article - Iceland crisis: what does "national bankruptcy" mean? http://www.reuters.com/ar...
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