Icelandic news translated into English

November 7, 2008

Haarde confirms Polish assistance

Filed under: economy,Politics — newsfrettir @ 7:45 pm
Tags: , ,

Geir H. Haarde prime minister at the news conferance today
Geir H. Haarde, prime minister, confirmed at a press conference that Polish authorities are going to lend the Icelandic nation 200 million USD. At noon the prime minister said he knew nothing about the loan that was posted in foreign media. Geir said this had been confirmed in a conversation between the finance ministers of Iceland and Poland.

When asked Geir says the reason that he did not know about the loan from Poand he says that the Polish went to the Swedish. The Polish finance minister said to Árni M. Mathiesen, finance minister of Iceland, today that they knew hardship of this kind besides that many Polish people have worked here. Geir thanked the Polish for their support and says this is true manliness.

He says the initiative was completely from the Polish as the Faeroe and it is to be thanked for.

Additionally to the IMF Icelandic authorities have spoken with the other Nordic countries and Russians about loan and later it was both Faeroe nation and Polish that added t the group that are going to lend the Icelandic nation, said Geir and added that there has not been made any appointments with the Russians about a possible loan.

Geir said at the meeting that Jose Manuel Barroso, the chairman executive of the European Union, had offered Iceland a loan from the emergency fund of the European Union. He has answered the letter immediately and Iceland will accept help from the fund. The handling on the other hand with express treatment will take four to six weeks and it is not in the package from IMF. Geir says that the finance minister has information that the amounts are not large that Iceland can get from the fund.

(News Article by noname)
Original Article in Icelandic

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1 Comment »

  1. Isn’t this lovely.

    Comment by Mike — November 7, 2008 @ 7:58 pm


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