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• The stunning collapse of Iceland
... of Europe's poorest countries to one of its wealthiest in the space of a generation, could face bankruptcy. In a televised address to the nation, Prime Minister Geir Haarde conceded: "There is a very real danger, fellow citizens, that the Icelandic ...
• U.K. threatens to sue Iceland to protect savers
REYKJAVIK, Iceland - Britain added to the financial chaos engulfing Iceland by declaring Wednesday it planned to sue over lost deposits held by thousands of Britons with Icelandic bank accounts. The news from London even overshadowed an emergency ...
• Iceland takes Russian loan, nationalizes bank
The bailout of Landsbanki came a day after trading in shares of major banks was suspended, the Icelandic krona lost a quarter of its value against the euro and the government rushed through emergency legislation giving it sweeping powers to deal with ...
• Netherlands, Iceland reach deal on deposits
REYKJAVIK, Iceland - The Dutch and Icelandic governments reached an agreement Saturday over how to compensate Dutch depositors at one of Iceland's troubled banks. Under the deal, the Icelandic government will compensate each Dutch depositor up to a ...
• U.K. government to partially nationalize banks
Brown said the government was taking legal action against Icelandic authorities to recover funds deposited in British branches of Icelandic banks, but details of the British guarantees on Icelandic accounts were not immediately spelled out. Analysts ...