nic Posted October 8, 2008 Share Posted October 8, 2008 Russia is offering Iceland a €4bn bailout loan. With the banking sector in debt more than 10x GDP, Iceland is clearly desperate. EU (or Scandinavia) has so far not shown any interest in helping which is a bit surprising. Clearly we're all busy with our own crises, after all, why should we use taxpayers money to bail out another country. However, there is something seriously wrong with this picture. Iceland is a NATO country. The Russians are not doing this out of charity or looking to profit from the interest on the loan. The truth is €4bn is small money for the political leverage gained. Quote Link to comment Share on other sites More sharing options...
Guest vicmac64 Posted October 8, 2008 Share Posted October 8, 2008 yes - we should be worried but not about this - rather I fear our corrupt politicians more than the Russians. It is our politicians that are taking away our Liberties as we speak. Quote Link to comment Share on other sites More sharing options...
PotNoodle Posted October 8, 2008 Share Posted October 8, 2008 The Russians are not doing this out of charity or looking to profit from the interest on the loan. How cynical of you. I am sure that nice Mr Putin, after his morning karate workout session, never once thought of any strategic advantage in financially assisting an Island off the coast of Europe, well sited for surveillance and/or ICBM placement, but was entirely altruistic in his outlook. Quote Link to comment Share on other sites More sharing options...
Barb E Dahl Posted October 8, 2008 Share Posted October 8, 2008 Russia is offering Iceland a €4bn bailout loan. With the banking sector in debt more than 10x GDP, Iceland is clearly desperate. EU (or Scandinavia) has so far not shown any interest in helping which is a bit surprising. Clearly we're all busy with our own crises, after all, why should we use taxpayers money to bail out another country. However, there is something seriously wrong with this picture. Iceland is a NATO country. The Russians are not doing this out of charity or looking to profit from the interest on the loan. The truth is €4bn is small money for the political leverage gained. *Giggles* There is nothing to fear Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.