Iceland's Prime Minister, Geir Haarde, has told a news conference in Reykjavik that his government intends to honour all its obligations, however he did not go into detail.
Iceland has been devastated by the global financial crisis and is on the brink of national bankruptcy, after being forced to nationalise its three biggest banks. On Tuesday the Icelandic stock exchange resumed trading for the first time since its suspension last Thursday and it immediately fell 76 percent. The country is known to be negotiating a possible loan from Moscow.
(Deutsche Welle)
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