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Icelanders hope for Russian cash

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Uploaded by on Oct 18, 2008

The past week has been a tough one for Iceland. The island of 300,000 people has so far been the most serious state victim of the global credit crunch. Its economy has nosedived after years of prosperity, with its banks virtually collapsed and currency devalued.

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  • Just because Russia helps Iceland does not mean Iceland becomes a soviet nation. Besides the soviet union no longer exist! It is however a good propaganda tool to demonise others. Just like the idea of spreading democracy has become a reason to invade countries regardless of other factors. Russia is helping other countries in need. That is a good step forward.

  • Russia closed all credits which she got from World Bank in 90-th,200 billions of $ returned to 2004

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  • i like the guy at around 1.10 : " it would be good for our neighbours (or something like that )" --- mate , you havent got any neighbours, iceland is a tiny country in a middle of nowhere (the closest ANYTHING would be GREENLAND (500km west of iceland) still iceland IS one of the most beautiful countries in the world. good luck

  • Joining EU.... The EU is the worst thing ever...

  • After what some greedy Bankers did to Great Britains money, Folks are going to be hesitant about putting money in, a country like Russia will do it to get Iceland in its pocket, and once in its pocket, there is no getting out of it, Next will come the military bases and Russian warships docking in their harbour

    ho ho

  • All 35 square kilometres of it?

  • -- Iceland wants Russia to buy their debt ,,, ha , very interesting ,, Iceland should join EU , and use EUROS ,, or do bussiness with RUSSIA , Europe will not buy Icelandic debt. hahaha ,,, Nobody is willing to help in the time of crisis

  • We are going to invade iceland and divide the lands.

  • When Russia was going bankrupt in the late 1990's, THEY DEFAULTED ON THEIR IMF LOANS, THEY DID NOT "PAY OFF EARLY' ..A DIME..ITS ALL ON RECORD ON THE wORLD BANF AND THE IMF..aUG. 27, 2003 THEY APPLIED FOR ANOTHER $4.5 BILLION..YOU HAVE MORE BULLSHIT THAN TWO RUSSIAN FINANCE MINISTERS...

  • Hey konetz, why did the IMF approve a $4.5billion loan on July 28, 1999..if Russia "paid back all loans in the 1990's"..who got the bullshit now..also check out world bank to Russia, why did they (Russia) apply for $2billion loan from US for oil& gas industry upgrades...look it up dummy

  • LOL...hey sup[erprick..konetz..just google Russian dedaulyed loans..they still owe IMF 49.1 millionUSD..and why is the rouble worthless, well just about$1usd = ..03.rouble.lokk it up stupid..and I know its is the old Soviet..but they defaulted on their leand-lease LOAN OF 4.1 BILLION.. Soviet = Russia..still same lies and tricks..

  • engineer? what of? engineer of BS, phuking spam artist.

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