Iceland In Crisis: Stocks Drop 77% Despite Emergency Measures Passed To Try Avert National Bankruptcy

  • Oct. 14: Iceland's benchmark stock index dropped 77%, its biggest decline on record, as trading resumed after a three-day suspension and the nationalization of the country's 3 largest banks, whose assets are 12 times Iceland's economy
  • Iceland's government has announced emergency measures to prevent the country from descending into national bankruptcy
Click Here For Full Analysis