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Iceland PM says billions more needed after IMF loan


    REYKJAVIK (Reuters) - Iceland will probably need "several billion" dollars more in financial assistance after a proposed $2 billion (1.25 billion pound) loan from the International Monetary Fund (IMF), its prime minister said on Friday.

    Geir Haarde said the government had not precisely quantified total funding needs. "With the $2 billion from IMF, that would be a good part of it, but I think we still need several billion in addition," he said in an interview.

    Iceland called on the IMF on Friday for $2 billion in aid to help fix a broken banking system, restart currency trading and soften the blow from a withering economic downturn.

    (Writing by Adam Cox, editing by Michael Roddy)