EU ready to help Iceland weather financial crisis

European Commission President Jose Manuel Barroso expressed in a statement issued on Wednesday the willingness of the EU to help Iceland weather the financial crisis.

"Iceland is one of the EU's closest partners and has its natural place in Europe. It participates fully in the EU's internal market through the European Economic Area, and its citizens enjoy freedom of movement in the Schengen area," he said.

http://news.balita.ph/2008/10/16/barroso-eu-ready-to-help-iceland-weather-financial-crisis/
http://en.wikipedia.org/wiki/Schengen_Agreement