Iceland talks to IMF, turns to Russia

Icelandic officials will hold talks in Moscow on Tuesday about an emergency loan that could be worth billions of euros, the country’s latest attempt to raise cash to help save its economy from collapse, reports Reuters. Iceland has tapped the IMF for financing to help ease the crisis and some ministers have raised the possibility of membership of the EU, long resisted by its fishing sector, to safeguard the economy. An official from Iceland’s central bank said a delegation from the bank and government left for Russia on Monday to begin talks on... [read full story]