Pages

Wednesday, October 08, 2008

Iceland makes a new friend

Do you know the meaning of fair-weather friends?  Iceland now does.  Its traditional Western European friends didn't lend the country money.  It has to turn to Russia instead.  The poles are shifting.
 
I picked this from a news report: http://news.bbc.co.uk/2/hi/business/7657407.stm
 
Meanwhile, the Icelandic government has asked Russia to give it a loan of 4bn euros lasting for three to four years, to strengthen its foreign exchange reserves.  
"We have not received the kind of support that we were requesting from our friends. So in a situation like that, one has to look for new friends," Mr Haarde (Icelandic Prime Minister) said.
 

No comments: