Nordic countries followed up on the $2.1 billion loan to Iceland approved by the International Monetary Fund with additional funding of $2.5 billion. The finance ministers of Denmark, Finland, Norway and Sweden said in a joint statement that the funds would help Iceland stabilize its economy and exchange rate, and reduce its public debt over the medium term. Full Story »
Posted by Julie BaliseTo:
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There are a lot of weird things happening in this story. First of all, both Iceland and Turkey are mentioned in the headline. Iceland dominates the story, but there are virtually no quotes from an Icelandic official. By contrast, Turkey is hardly mentioned in the story, yet the prime minister is quoted. The way Turkey is use really breaks up the flow of the story, since we almost immediately return to Iceland. Also, the way the loan quantities are given was slightly confusing, particularly since the writer left the grand total for paragraph six. I'm not sure what's happening in paragraph seven ("The increasing severity of the global...") because it seems to refer to Iceland, yet Iceland is part of Europe. Perhaps that's a transition?
