Last modification: 28/10/08
 -  financial crisis - Iceland
 
Financial storm hits Iceland
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The global financial crisis hit tiny Iceland - whose banks had extensive overseas dealings - especially hard. Hélène Frade and Angela Yeoh traveled to Iceland Oct. 9-15, 2008 to report from the scene.

  • FINANCIAL CRISIS
    The party is over for Iceland
    The Icelandic government has been granted control over national banks as the island's famously liberal banking sector tottered on the edge, raising the grim spectre of national bankruptcy.
  • BANKING CRISIS
    Brown slams Iceland's freezing of British clients' bank accounts
    British Prime Minister Gordon Brown has condemned as "completely unacceptable" and "illegal" the attitude of Iceland's government, after it froze bank accounts held by British savers amid attempts to bolster the country's failing banks.
  • FINANCIAL CRISIS
    Iceland seeks to allay European depositor fears
    Icelandic and British officials are meeting in Reykjavik to resolve a dispute over UK investments as the Nordic country reached an agreement with the Netherlands.
  • ICELAND
    National bankruptcy looms after Iceland's banks go bust
    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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