10.10.08
Russia Bails Out Iceland
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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Can the United States government go… bankrupt? « Christopher Schwartz’s Weblog said,
28 October, 2008 at 2:22 pm
[...] Consider also the recent troubles in Iceland. Russia has come to their rescue, providing them a €4bn loan from the goodness of their hearts. Time for a Mr. Rogers moment: “Can you say, [...]