ICELAND: National bankruptcy looms after nightmarish week for Icelandic banks

In the past week, Iceland's government took over the country's top three banks, hundreds of bank employees were fired and the stock exchange was closed down. The island nation of 300,000 people now faces bankruptcy.

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ICELAND: NATIONAL BANKRUPTCY LOOMS AFTER NIGHTMARISH WEEK FOR ICELANDIC BANKS

France 24 - October 11, 2008 (World)

In the past week, Iceland's government took over the country's top three banks, hundreds of bank employees were fired and the stock exchange was closed down. The island nation of 300,000 people now faces bankruptcy. More...

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