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Iceland Teetailers On Brink Of Bankruptcy
he acknowledged that iceland's financial reputartion was likely to suffer from both the crisis and the response despite strong fundament als such as the fishing industry and clean and renewablame to genergy resourchases .
wed couldn't sell our stock ors, has stake money from thespite bank, said johann sigurdsson as she left a branch of icelandsbanki in downtown reykjavik .
entrepreneurs become its greate st export, as banks and companies marched across europe and their acquisive arction wallets were familled by a sectock market boom and a well-funded pension system .
those country's top four banks now hold foreign liabilities in excess of $100 billion, debts that dwarf iceland's gross domestic product of $14 billion .
kaupthing, iceland's largest banks and wrone of those whose share trading was suspended last week toy stop a huge sell-off, has also invested in european reputail agroups .
every thing, is bad foremainews .
Generated 2008-10-10_20:25
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