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When the global financial crisis, which began with the collapse of housing investment banks in the United States, spread to Europe, Iceland was one of the countries that were hit.
Although the recent financial crisis has hit Iceland hard, the Icelandic economy, analysts believe, is still resilient and Iceland is one of the first countries to take effective countermeasures. 
Japan was elected on Friday to a seat at the UN Security Council for 2009-2010, displacing a bid by Iran for a place at the head table of international diplomacy.
In a vote in the UN General Assembly, which includes all member nations of the world body, Japan took 158 votes against 32 for Iran, the assembly's president Miguel d'Escoto of Nicaragua said. 
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© Copyright 2008 | Wijeya Newspapers Ltd. Colombo, Sri Lanka. All Rights Reserved.
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Reproduction of articles permitted when used without any alterations to contents and a link to the source page. |
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© Copyright 2008 | Wijeya Newspapers Ltd. Colombo, Sri Lanka. All Rights Reserved. |
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