Althingi Gives Permission for USD 6.6 billion loan

The state treasury has received permission to take out a loan of 500 billion króna (USD 6.6 billion) in foreign currency to increase reserves of foreign currency of the central bank of Iceland, according to a bill that the Minister of Finances Árni M.Mathiesen, will propose to Althingi.

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US Criticizes Whale Hunting

Carlos M. Gutierrez, the US Commerce Secretary, has stated that it is frustrating news that Icelanders are going to start commercial whaling without the approval of the International Whaling Commission.

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