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The unofficial rumour is that a lot of Russian money was earlier lent through Iceland...
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 7th, 2008 at 06:26:23 AM EST
[ Parent ]
So the Russian government is bailing out Russian creditors? That would make sense.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Oct 7th, 2008 at 06:27:29 AM EST
[ Parent ]
I do not think it is 'unofficial', it is just that MSM have not been interested.  Aftenposten reports that the Icelandic PM was in Russia during the summer to discuss the situation.  Russia is very much involved in Icelandic finance, and has been since they all of a sudden started 'raiding' in the UK and the Nordic countries.  The Russians are not stupid, they know that the 'centre of gravity' is moving north, and Iceland is perfectly placed as a mid Atlantic financial centre - a sort of 'frozen' Dubai?    
by Solveig (link2ageataol.com) on Tue Oct 7th, 2008 at 07:42:43 AM EST
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