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Tuesday, October 21, 2008

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IMF set for Icelandic bailout

Man walks past Icelandic bank Kaupthing

Iceland's set to become the first developed country in more than 30 years to be bailed out by the International Monetary Fund. Stephen Beard reports why a move from the IMF may be viewed as less desirable.

A man walks by a branch of the Icelandic bank Kaupthing on in Rejkjavik, Iceland. (Olivier Morin/AFP/Getty Images)

More on International, Europe, America's Financial Crisis

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