October 24, 2008 Iceland Gets $2.1 Billion Loan From IMF to Rescue Economy Iceland secured an emergency bailout loan of about $2.1 billion from the International Monetary Fund after the collapse of the island’s banking system paralyzed much of its...Read more »
Follow Bloomberg News
About This Blog
Financial markets are on the edge as investors await a solution to the European debt crisis. This blog examines the banks that hold billions of euros worth of Greek, Italian, and other sovereign debt; the governments that must pay off or refinance that debt; and the implications for the worldwide financial system if they can't.
Analyses or commentary in this blog are the views of the author and or commentators, and do not necessarily reflect the views of Bloomberg News.