Iceland Preparing Lawsuit against Britain

Iceland’s Prime Minister Geir H. Haarde announced yesterday that the government had recruited a British law firm to prepare a lawsuit against British authorities because of the damage caused to the Icelandic state with the downfall of Kaupthing Bank.

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Value of Stocks in Iceland Plummet

The value of stocks on the OMX-NASDAQ Nordic Stock Exchange in Iceland continues to plummet after markets reopened earlier this week. The selected share index dropped by three percent yesterday and has now reached a record low at 658 points.

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