Iceland had to borrow about $10bn yesterday, roughly the size of its entire gross domestic product, to prevent its economy from collapsing.
The move underlined the damage wrought by last month's disintegration of the country's banking system.
Reykjavik borrows $10bn to stave off economic collapse
By David Ibison in Stockholm and Alex Barker in London
Published: November 21 2008 02:00 | Last updated: November 21 2008 02:00
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