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If the Americans have any sense this will scare them into bailing out Iceland. After all, the cost is nothing compared to either their other bailouts so far, or the the cost of some individual weapon system (like DDG1000 anyone?) which will be far less cost efficient geopolitically speaking than keeping the Russians off Iceland.

Might I remind you that Iceland is smack bang in the middle of the GIUK gap?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu Oct 9th, 2008 at 04:42:48 PM EST
[ Parent ]
GIUK= Greenland/Iceland/UK gap.  The passage to open water for Russian fleets coming from Arctic ports to the North Atlantic.

It's another shitty day in paradise.

But of course, Iceland is not going to turn to Russia.  Iceland is Europe. (shakes head) Or not.

Peeling Iceland off from NATO is a cheap way to outflank Western Europe.

Another shitty day in paradise.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 9th, 2008 at 05:45:57 PM EST
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