Blogging from the Highlands of Scotland until I return to the Murcia region of Spain in the Autumn for a month or so
'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.