Halldor AsgrimssonJune 2006
Prime Minister Halldor Asgrimsson resigns after his party's poor performance in local elections and amid concerns about the economy
Iceland · Government / Government of Iceland. Chronological records rendered directly from the World History Database.
Prime Minister Halldor Asgrimsson resigns after his party's poor performance in local elections and amid concerns about the economy
Iceland announces part of a plan to hammer out a financial package to shore up its troubled banking sector, the countrys largest banks agree to sell off some of their foreign assets and bring them home
The Icelandic Government takes control of Landsbanki, the countrys second largest bank, which owns Icesave in the UK
In less than a week, the countrys three major commercial banks (Glitnir, Landsbanki and Kaupthing) all had to be taken over by the Government as they were unable to roll over their loans
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