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Sat 10 Oct 2008Iceland's prime minister denies country is in default
ICELAND'S PRIME minister Geir Haarde said his country has not had direct talks on financial aid with an International Monetary Fund mission and has denied that his country is in default.
The government was working "day and night" to come up with a solution to his country's woes after its three biggest banks failed and the krona collapsed, he told journalists at a press conference in Reykjavik yesterday. Iceland would also seek to "honour its obligations" to depositors at failed Icelandic banks abroad.
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