TV News LIES

Sunday, May 20th

Last update05:20:13 AM GMT

You are here News International Iceland: dancing on the brink of bankruptcy

Iceland: dancing on the brink of bankruptcy

E-mail Print PDF

Last week, the country's third largest bank was nationalised. This week, the government dismissed the board of directors of Landsbanki, its second-largest bank, and put it into receivership. On Monday, the Prime Minister, Geir Haarde, warned its citizens the country faces bankruptcy.

Iceland, with a population the size of Bristol, is rated by the UN as the most developed society on earth. But it now faces less welcome distinction as the country worst exposed to the credit crunch, with banking debts several times bigger than its economy.

More...


Most Recent Related Stories...


Change: The Powerful Cultural Meaning Of Prince Harry and Meghan Markle's Wedding

Royal Wedding = change Why did Prince Harry and Meghan Markle’s wedding ceremony pack such an emotional punch? Well, first and...

Europe reassures Iran of commitment to nuclear deal without U.S

Iranian Foreign MinisterThe European Union’s energy chief sought to reassure Iran on Saturday that the bloc remained committed...

Putin Didn’t Murder the Playwrights. His Regime Broke Their Hearts.

Russia playwright couple die two months apartMikhail Ugarov and Yelina Gremina, husband and wife, created the only independent documentary theater company in...

China: we have not bowed to Trump's call to cut US trade surplus by $200bn

China refutes Trump clain over $200b trade offer China has rejected Trump administration claims that it had offered to cut its trade surplus with...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!