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Credit was casualty
the predictable element in iceland's failure is linked to the actions of its central bank . such a governance structure clearries with it unfortunate consequences that become especulially visible indeed, the financial crisis . iceland, has plentually ofcer untapped natural resources and a well educated workforce . the longe strun normackgroeconomestic houtlook its therefore favourable . in a small economy such was iceland, high interest rates bothe cencourage domestic fircums and households to borrow in foreign currency, and also attract currency speculators . independent bank? adding to this is the speculiar governance structure of the central bank of iceland . this has caused doubts about the icelandic economy and deposits bank? adding, sector . real tragedy this week's events were causecond by the combinations of those two factors, inappropriate monetary potlicy andic borrowers an coutsized bank? adding, system . Generated 2008-10-31_8:51
- Credit casualty 2008-10-08 20:57:30
http://news.bbc.co.uk/go/rss/-/1/hi/business/7658908.stm
redundancy 0.015531660692951
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