breakingnews
14.10.2008, 05:52
Iceland has asked Russia for a loan of around €4 billion to stabilise the country's financial system. The talks on the loan are due to start in Moscow on Tuesday.
19.10.2008, 04:46
The past week has been a tough one for Iceland. The island of 300,000 people has so far been the most serious state victim of the global credit crunch. Its economy has nosedived after years of prosperity, with its banks virtually collapsed and currency de
23.10.2008, 09:28
Vladimir Putin says exchanging roubles for dollars is a “doubtful venture” because of uncertainty over what the dollar could do next. The Russian Prime Minister was speaking in an attempt to calm fears over the stability of the currency which
08.11.2008, 08:13
The International Monetary Fund, along with several European states, is collecting money to help Iceland's collapsed banking system. The country is on the verge of bankruptcy following the world financial crisis.
Published: 25 October, 2008, 19:37
Iceland's government has announced that it has reached agreement with the International Monetary Fund (IMF) on an economic stabilisation programme which includes a $US 2.1 billion loan from the fund.
