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View Full Version : Iceland May Enable Foreign Creditors to Become Owners of Banks - Bloomberg



NewsWhore
03-27-2009, 04:11 AM
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Iceland May Enable Foreign Creditors to Become Owners of Banks (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Da.bLzEggZ0.4%26refer%3Deurope&cid=1321311198&ei=XIvMSc7wDJLKMs-00PcN&usg=AFQjCNHJgr-g76TmmXml41n2U8zdRTBu9Q)
Bloomberg
“It was always a ridiculous idea that the tiny economy of Iceland could stand behind such a massive banking system.” Iceland’s banking system in the future will be characterized by “big foreign currency reserves compared to a relatively small banking ...


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