The Icelandic President Olafur Ragnar Grimsson has accused Sweden, Denmark
and Great Britain of turning their backs on Iceland in its battle to survive
the finance crisis.
During a luncheon with foreign diplomats in Reykjavik last week, Grimsson
threatened to seek new allies as his country's former allies have failed his
According to the Norwegian news agency NTB, shocked diplomats could hardly
believe their own ears, according to a memorandum from the Norwegian embassy.
"The President issued heavy criticism against several of the countries
represented, including Sweden and Denmark. And the President delivered
directly insulting assertions against the British," the memorandum says.
"The North Atlantic is important for the Nordic
region, the United States and Great Britain. That is a fact that these
countries seem to be ignoring. So Iceland had better find itself some new
friends," Grimsson said, according to the memorandum.
The only countries to receive praise during the luncheon were Norway and the
Faroe Islands, who according to Grimsson showed themselves to be true
friends during the crisis.
According to the Financial Times, the International Monetary Fund is
wavering on giving its support for a loan in connection with a six billion
dollar rescue package for Iceland.