70,000+ Layoffs Expected in One Day as Financial Crisis Deepens

Monday, as Iceland's Parliament resigned and US President Barack Obama stated that the financial crisis would get "dramatically worse," several companies announced layoffs that could total at least 70,000 jobs...

Prime Minister Steps Down amid Violent Protests

.This may not help the crisisbut something had to bedone soon."Icelandic Prime Minister Geir Haarde, rattled by the financial crisis and widespread anti-government protests, called early national elections for May...

Iceland Want US$2bn from IMF

CRISIS hit Iceland have asked the International Monetary Fund (IMF) for a $2bn loan.   Prime Minister Geir Haarde is quoted as saying to Finnish newspaper, HELSINGIN SANOMAT, "It's hard to give an...

ICELAND CRISIS: No. 1 Bank Kaupthing Forced into UK Administration and ING T...

THE Kaupthing, Iceland's largest bank, yesterday injected by a massive bail-out by the Icelandic government spearheaded by Geir Haarde was today forced by the British regulatory authorities to have the Kaupthing...

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