The shares on the stock exchange of Reykjavik continued to teeter on the brink of collapse and plunged by 76 per cent when trading resumed after three days of closure, but the shares recovered and left the OMX Iceland 15 Index with a loss of 47 per cent in morning trade.
Now, Iceland has turned to oil-rich Russia for help en began talks in Moscow over a €4 billion loan to help the country’s financial sector. Iceland needs Russia's money to help rebuild its battered economy after it became the most potent symbol of the damage wrought by the global credit crisis. Iceland received also help from the UK that offered a loan of £100 million to Landsbanki, to help facilitate prompt compensation for British savers whose money has been trapped in Icesave's administration.
Lisa De Neve
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4940623.ece
1 opmerking:
The shares on the stock exchange of Reykjavik continued to teeter on the brink of collapse and plunged by 76 per cent when trading resumed after three days of closure, but the shares recovered and left the OMX Iceland 15 Index with a loss of 47 per cent in morning trade. [rephrase in your own words more]
Now, Iceland has turned to oil-rich Russia for help en began talks in Moscow over a €4 billion loan to help the country’s financial sector. Iceland needs Russia's money to help rebuild its battered economy after it became the most potent symbol of the damage wrought by the global credit crisis. Iceland received also help from the UK that offered a loan of £100 million to Landsbanki, to help facilitate prompt compensation for British savers whose money has been trapped in Icesave's administration.
Thank Richard for writing so elegantly on his blog. Next time, Lisa, try to make your own summary
olaf
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