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Foreign Investment: Iceland’s krona hits the skids

May 20, 2008 · Filed Under International Investing · Comments 
“Banks all over the world have spent much of the few years bingeing on cheap money, but Iceland’s taken the whole thing to quite an extreme. Its big players – the likes of Landsbanki and Kaupthing – have been on an extraordinary borrowing spree, sucking in vast quantities of cash to fund lending and acquisitions [...]

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