Financial pressure remains on Iceland

The financial crisis engulfing Iceland showed no sign of easing today.

Financial pressure remains on Iceland
Wed, 08 Oct, 2008 - 11:59

The financial crisis engulfing Iceland showed no sign of easing today.

A day after Prime Minister Geir Haarde publicly criticised the lack of assistance Iceland has received from Europe, Sweden said it would lend the Swedish arm of Icelandic bank Kaupthing €435m.

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CourtsBusinessBank guarantee schemePlace: BritainPlace: EuropePlace: IcelandPlace: MoscowPerson: prime ministerPerson: Geir HaardePerson: ChancellorPerson: Alistair DarlingPerson: HaardePerson: IcelandersOrganisation: IcelandOrganisation: SwedenOrganisation: KaupthingOrganisation: IcesaveOrganisation: LandsbankiOrganisation: Icelandic governmentOrganisation: BritainOrganisation: RussiaOrganisation: BaugurOrganisation: Central Bank of IcelandOrganisation: Glitnir bank
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