Iceland’s rescue package flounders

Article reports that an international bail-out of crisis-hit Iceland appeared to be unravelling on the 11 November 2008 as the International Monetary Fund withheld official backing for the $6bn plan. Iceland has also been left with a $500m shortfall in the funds for the plan that it had hoped to raise from other international donors.

IMF: Country Info: Iceland and the IMF http://www.imf.org/external/country/ISL/index.htm

ESO: Background information: Nordic nations work on Iceland bail-out http://www.europeansources.info/record/nordic-nations-work-on-iceland-bail-out/

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