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Leader says Iceland needs $6 billion to recover

Leader says Iceland needs $6 billion to recover

Iceland's prime minister said Tuesday his country needs about $6 billion in loans to recover from the financial meltdown.
Geir Haarde told The Associated Press that Iceland will need $4 billion in addition to the $2 billion loan package announced by the International Monetary Fund.
"It's not a precise number, it's not a scientific number but we are looking in that neighborhood," Haarde said on the sidelines of a meeting with his Nordic colleagues.
The prime minister would not say how much of the additional loans he hoped to receive from the other Nordic countries _ Sweden, Finland, Norway and Denmark.
"I do not want to put pressure on them," he said.
Iceland's banking system has collapsed in the global credit crunch.


Updated : 2021-07-24 15:17 GMT+08:00