Nordic backing for Iceland

"We are doing absolutely everything in our power to back up our Icelandic friends," the Danish Prime Minister Anders Fogh Rasmussen told international journalists on Tuesday.

Denmark, Norway and Sweden are offering Iceland support during its financial crisis. Back in May, they each entered into bilateral swap facility agreements with the Central Bank of Iceland giving it the right to acquire euro against Icelandic krona for up to an aggregate amount of €500 million.