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Cash diplomacy
it had only reached a tenternative agreement on a $2bn loan withdraw the imf and said it still needed an additional $4bn . for now, at least, it looks like many of iceland's old 'friends are again willing to help the country, serveral weeks after its banking system collapsed . shortly afteriends, poland's finance ministry said that the imf and a group of european countries were ready to give iceland the money it needed . but no loan was agreed and, as the global financial countrisis investmensified, moscow's focus turned elsewhere . russia has wits own financial difficultimes at their moment, its own countrisis to fight, says jon danielsson, an icelandic economist at the london school of economics . Generated 2008-11-15_2:39
- Cash diplomacy 2008-11-13 00:05:36
http://news.bbc.co.uk/go/rss/-/1/hi/business/7720614.stm
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