Iceland is still asking Russia for a loan of up to $500 million and Moscow has asked for more information before making its decision, a Russian Finance Ministry official said on Thursday.
From Forbes
“Students interested in economics and finance should closely follow this new Iceland saga, for it is the most dramatic story yet to illustrate how reckless bankers let loose in a free market can destroy entire economies.” – Uwe E. Reinhardt November 3, 2008
Iceland is still asking Russia for a loan of up to $500 million and Moscow has asked for more information before making its decision, a Russian Finance Ministry official said on Thursday.
From Forbes
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