Iceland and the International Monetary Fund Intent. The conditionalities include details of Banking Sector restructuring, changes to Fiscal Policy including government austerity and changes to exchange rate policies. Following the global financial crisis in 2007-2008 Iceland's banking sector collapsed leading to wide ranging unemployment and a lessening of support for the Icelandic currency - the Icelandic Krona ISK. This was triggered by an insolvency of the private banking sector. The largest Icelandic banks had liabilities in excess of 80 percent of GDP . Iceland requested assistance from the IMF and from its Nordic partners in the Nordic Council. The goal of Iceland in this market intervention
Emergency Response Unit (IFRC) Sanitation" and "IT and Telecom" and are highly experienced. Canadian Red Cross units work in the fields of "Basic Health Care "and "Referral Hospital". German Red Cross units work in the field of "Basic Health Care", "Referral Hospital", and "Water and Sanitation". The following countries also have complete ERU-Units: Philippines, Belgium, Netherlands and Luxembourg, Denmark, Finland, France, United Kingdom, Italy, Japan, New Zealand, Norway, Sweden, Switzerland, Spain and the United States. Additionally, Australia, Croatia, Hong Kong, Iceland and Macedonia support relief efforts with trained staff members. Emergency Response Unit (IFRC) An Emergency Response Unit (ERU) is an international standardized disaster