10.10.08

Russia Bails Out Iceland

Posted in Economy, International, Politics tagged , , , , , , at 12:48 pm by xantica

Iceland Teetering Too | Crooks and Liars

And, just as Pakistan has begged the West for $100 billion to stave off economic collapse, Iceland has had to go cap-in-hand to a bigger power too. Only theyve chosen the Russians – asking for a 5.4 billion loan to shore up the nations finances.

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