This, in a nutshell, brought about Monday's collapse of Wachovia and Glitnir Bank in Iceland.

简单点说，这引起了周一冰岛的Wachovia和Glitnir银行的破产。

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And Glitnir, Iceland's third-largest bank, was nationalised.

冰岛第三大银行Glitnir被国有化。

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The speed of Iceland's downfall in the week since it announced it was nationalizing Glitnir bank, the country's third largest, caught many by surprise, despite warnings it was the "canary in the coal mine" of the global credit squeeze.

NPR: Iceland Shivers From Financial Crisis

The Icelandic government has taken a 75% stake in Glitnir, a bank with outrageous reliance on gummed-up wholesale funding markets.

ECONOMIST: Global banks

The Icelandic government takes control of the country's third-largest bank, Glitnir, after the company faces short-term funding problems.

BBC: Timeline: Credit crunch to downturn