March 26, 2008

Could Iceland Spread Financial Contagion?

IT COULD INDEED, argues Ambrose Evans-Pritchard. It seems the country has had to raise interest rates to an alarming 15 pc to stem the plummet in its currency -- and similarly-placed countries could find themselves in similar pickles.

Posted by Benjamin Kepple at March 26, 2008 09:59 PM | TrackBack
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