Iceland Gets $6 Billion IMF-Led Bailout

The island nation, which had to nationalize its collapsing banks, looks set to receive a $6 billion rescue from the IMF and neighbors

Iceland, teetering on the verge of national bankrupcy due to global financial meltdown, is likely to receive a $6 billion (€4.5 billion) rescue package tailored by the International Monetary Fund (IMF), Nordic countries and Japan.

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