:HappyPutin: buys Iceland (Sedlabankithreadi)

[BeBMan]

Did ya read that? First those Vikings introduced communism, and put their banks under state control, now Russia helps out with 4 bn.

Maybe if we wait long enough we can get some cheap countries for us too

REYKJAVIK, Oct 7 (Reuters) - Iceland's central bank said on Tuesday Russia had agreed to provide the country with loans of 4 billion euros ($5.4 billion).

Sedlabanki said in Icelandic on its website that the Russian ambassador to Iceland, Victor Tatarintsev, had informed Central Bank Governor David Oddsson on Tuesday that Russia would provide Iceland with the loan.

It said the loan would substantially strengthen Iceland's foreign reserves and support the Icelandic crown.

The central bank said the loans were for 3-4 years on terms that would be 30-50 points above Libor rates.

It said Iceland's Prime Minister Geir Haarde had begun investigating the possibilities of such a loan this summer and that experts from the Sedlabanki and the government would be going to Moscow shortly.

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSSAT00565120081007

[Lancer]

Going to have to sell a heck of alot of fish to pay that back.

[Jon Miller]

They got rich on the financial markets, in the last 20 years. Apparently they have gotten very poor in the last year.

JM
(They had the highest per capital wealth in the world for a while.)

[Asher]

Iceland is evil. Has no one else ever seen The Mighty Ducks?

[Q Classic]

I did. Seriously, they're so evil they spelled their name wrong!

[Straybow]

They also had the highest alcoholism rate in the West... must've caught up with them.

[Winston]

This is what a unilateral declaration of independence will get ya - 64 years later.

[Q Classic]

Will Björk now sing in Russian?

[onodera]

Originally posted by Asher
Iceland is evil. Has no one else ever seen The Mighty Ducks?

Is that some Disney cartoon?

Also, I guess the GIUK gap is no more now. We'll finally be able to covertly deliver humanitarian aid to New Orleans.

[Lancer]

Bring beads.

[Zkribbler]

Originally posted by onodera

Is that some Disney cartoon?

Close -- a Disney kid movie about hockey.


BTW: Iceland = 100% energy from renewables.

[Asher]

Also, no auto manufacturers.

[Winston]

Also, horses you can jump over when you're in a hurry.

[Impaler[WrG]]

BTW: Iceland = 100% energy from renewables.

They have developed a clever means of exporting that energy as well, they import Bauxite ore and smelt aluminum which is a VERY energy intensive process, thus the value added through smelting acts as a de-facto export of renewable energy. In the future they might lay sub-sea High Voltage DC transmition lines to energy hungry England (note that currently much farther then such lines have ever been laid before). So overall their economic situation is good in that they have solid reliable exports they will be making profits from (un like fishing which is under major threats globally).

[Dr Strangelove]

WTF?????? Personally, If I were Putin I'd buy a much warmer island like Cyprus or Crete.