ICELAND MELTDOWN: CONFIDENCE PLUMMETS AS PROTESTS END IN CLASHES

AP PHOTO
Video from the streets of Iceland Several hundred people clashed with police during a demonstration over the handling of the financial crisis.. Confidence in Iceland's economy plummeted in October .. Free falling Iceland looking for any hands to help it--and found a few today as $4.6 billion came from the International Monetary Fund and four other Nordid nations. But will it be enough to save Iceland from complete meltdown? Iceland will use the money to stabilize the krona, shore up its banks and restore confidence, the IMF said.. The Deputy Managing Director of the IMF said "Iceland is in the midst of a banking crisis of extraordinary proportions".. And now tough choices are facing many in Iceland as the economic crisis sinks in deeper..
Labels: Banks, depression, Economy, financial crisis, Money, recession, Wall Street












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