TV News LIES

Sunday, Sep 25th

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...


Finns protest against racism after man assaulted at neo-Nazi rally dies

Finns protest racismMore than 15,000 people gathered in Helsinki on Saturday to protest against racism and violence, after...

Iraq captures several villages, cuts off Islamic State supply route to Mosul

Iraw cuts off ISIS supply line- Iraqi security forces took control of at least two villages in the Saladin Governorate's Sharqat...

'Aleppo burning' as Syrian jets pummel rebel-held areas

AleppoSyrian army jets have launched more than 150 air strikes on eastern Aleppo in the last...

Puerto Rico Entirely Without Power After Power-Plant Fire

Puerto Rico without powerA big fire erupted at an electricity plant that powers most of Puerto Rico on Wednesday,...
 
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!