Poland to help Iceland

Poland will contribute $200 (zł.562) million in aid as part of the $6 (zł.17) billion aid package expected to be secured from the International Monetary Fund, Britain, the Netherlands and Scandinavian countries to help Iceland recover from the financial crisis.

After the financial crisis hit, Iceland's three major banks collapsed and its currency took a steep dive. "Poland has agreed to join a consortium of countries, which will provide financial assistance to Iceland," the Polish Finance Ministry said in a statement.

Source: Reuters