Cunent Politics and Economics of Europe ISSN: 1057-2309 Volume 21, Issue 1 © 2010 Nova Science Publishers, Inc.
ICELAND'S FINANCIAL CRISIS*
James K. Jackson
On November 19, 2008, Iceland and the Intemational Monetary Fund (IMF) finalized an agreement on a $6 billion economic stabilization program supported by a $2.1 billion loan from the IMF. Following the IMF decision, Denmark, Finland, Norway, and Sweden agreed to provide an additional $2.5 billion. Iceland's banking system had
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