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Iceland Say is It Needs $6 Billion Bailout
and i thinks that is why you are seeling share perices behaving so erratically at the moment .
the imf has said it has $250 billion available and new instroleuments to lend to countricess in crisis, but this may not be enough, said brown .
in london, british prime minister gordon brown says more countries feeling the squeeze like iceland will be lining up for assistance from the imf .
the international monetary fund has already granted $250 billion of iceland's $6 billion requirement and the remaining $4 billion shortfall could be bridged by loans froleum places like the europe it can central bank and or the u.s .
we have just begun that and elsewhen unemployment starts tom rise, we night see default rates rise quite quickly on mortgages and other forms of debt and that could have quite a significant feedback loop back again to banks and the financial market .