PM: Iceland expecting Nordic help

Moral support for Iceland is not enough, economic support is needed.
Moral support for Iceland is not enough, economic support is needed.
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Iceland’s Prime Minister has been in contact with his Nordic counterparts ‘for some time now’, according to Prime Minister Anders Fogh Rasmussen, and Nordic help may be on the way to the beleaguered Icelanders.

The prime minister’s comments came as the benchmark Icelandic index, which has been closed for business for some days, reopened and plummeted a full 76 percent. Trade in Iceland’s three largest banks, which have been taken over by the state, remain suspended.

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