The Japanese want the International Monetary Fund to start in Iceland
By A. Rienstra on Oct 10, 2008 in Finance and Business, General, Iceland, MBL, Politics
Reuters reports that according to Japan’s finance minister Shoichi Nakagawa Japan is ready to back up a bail-out plan for the struggling economies of the European nations, starting in Iceland. “With nearly USD 1 trillion in foreign exchange reserves, Japan is prepared to help bail out nations running out of funds amid the worsening global financial crisis,” Mr. Shoichi Nakagawa said.
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http://www.icenews.is/index.php/2008/10 ... #more-3246--
USD 1 trillion = 1000 miljard = (ongeveer) $ 1000.000.000.000,-