From Wikinews, the free news source you can write! 61 billion, which is twelve times the estimated size of the economy of the Nordic country. The Financial Services Authority says Iceland will guarantee all domestic deposits and aims to provide a "functioning domestic banking system" by management of the banks. Iceland has asked for aid to Russia and the International Monetary Fund for loans to help guarantee these deposits. Icelandic equity markets have been closed until October 13 due to "unusual market conditions" and the Krona now appears to have itself failed after the collapse of an attempt to fix the exchange rate at 131 Krona to the euro. According to Nordea Bank, Scandinavia's biggest lender, there was no...
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