Lower CDS Indicates Economic Recovery for Iceland

The credit default swap (CDS) for the Icelandic state has now dropped to 200 points and has not been lower since many months before the banking collapse in October 2008. The CDS has been in constant decline since January and indicates growing faith in Iceland?s economy.

Source: http://icelandreview.com/icelandreview/daily_news?cat_id=29314&ew_0_a_id=378864

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