TV News LIES

Saturday, Nov 18th

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...


Vatican: New probe begun into alleged sex at youth seminary

Vatican opens new probe into sex assault allegationsThe Holy See says a fresh investigation has been opened into allegations a future priest had...

Ouch! Germany replaces U.S. as country with best global image

Germany replaces the USA as country with best global image Germany has replaced the United States as the country with the best "brand image," according to a...

Argentine navy loses contact with submarine

Argentine Navy loses contact with subArgentina's navy said Friday it has lost contact with a submarine off the country's southern coast,...

UCLA Basketball Players Admit To Shoplifting In China, Are Suspended From Team

UCLA basketball players admit to shoplifting in China Three UCLA freshmen have been suspended indefinitely from the basketball team, one day after returning home...
 
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!