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Saturday, November 21st, 2009

Posts Tagged ‘ Currency Trade ’

Iceland Gets $11 Billion Bailout

Nov 21st, 2008 | By Jason Simpkins | Category: Financial News

Iceland today (Thursday) secured nearly $11 billion in loans from the International Monetary Fund (IMF) and other nations. The bailout will help the island nation stabilize its currency and recapitalize its banks, but it will also saddle its tiny population with a huge debt burden.

Tags: Banking Crisis, Currency Trade, Danske Bank, Danske Bank A/S, Foreign Currency, government bailout, Iceland bailout, Icelandic Krona, International Monetary Fund, Jason Simpkins
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