6 October 2008Credit CrunchGeir Haarde
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.
Historical records for Iceland in 2008, rendered directly from the World History Database and ordered by month, day and event.
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.
Icelands Prime Minister Geir Haarde has admits he is in a race against time to negotiate a rescue deal for the countrys ailing financial system that could include a merger of some of the nations banks.
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
The Icelandic Government takes control of Landsbanki, the countrys second largest bank, which owns Icesave in the UK
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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