Blogging from the Highlands of Scotland
'From fanaticism to barbarism is only one step' - Diderot

Tuesday 7 October 2008

Iceland, finance and the Russians

When I heard early this morning that Russia might provide about 4bn Euros to Iceland to help it withstand the financial storms which are lashing it just now (see also here), my immediate reaction was to ask what is the quid pro quo going to be? This Spectator article speculates, too, and may provide some clues as to what's afoot, given Iceland's strategic location between Russia and North America.

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