Iceland set to lead banks to recovery

Author (Person)
Series Title
Series Details 20.7.09
Publication Date 20/07/2009
Content Type

Article reports that Iceland announced 20 July 2009 a €1.5bn recapitalisation of its banking sector and unveil a deal to hand control of two of the country's healthy new banks to foreign creditors. The steps mark an important milestone in efforts to rebuild Iceland's shattered banks and reintegrate the north Atlantic island nation into the international financial system.

Related Links
Spiegel Online International / NRC Handelsblad, 22.7.09: Netherlands Threatens Iceland's EU Bid http://www.spiegel.de/international/europe/0,1518,637678,00.html
EurActiv, 24.7.09: Iceland postpones reimbursement of Dutch, British savers http://www.euractiv.com/enlargement/iceland-postpones-reimbursement-news-222353

Countries / Regions