2008-11-20 16 h 00 :: online.wsj.com :: Iceland May Get Additional Loans to Repay Deposits

http://online.wsj.com/article/SB122718166821744225.html?mod=todays_asia_corporate_news

NOVEMBER 20, 2008, 4:00 P.M. ET

Iceland May Get Additional Loans to Repay Deposits

By JOEL SHERWOOD and TOM BARKLEY
STOCKHOLM -- The international aid package for Iceland is set to double to more than $10 billion, with the U.K., Germany and the Netherlands adding roughly $5 billion to a $5.1 billion package Iceland said it has secured, according to a Finnish finance official.

The total aid package will reach an estimated $10.2 billion, said Martti Hetemäki, undersecretary at Finland's finance ministry. Iceland officials weren't available to confirm details of the aid package Thursday.

While the loans from the International Monetary Fund and the Nordic countries are aimed at supporting Iceland's tottering ...