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Europe
Icelandic Meltdown
2008-10-22
Posted by:tipper

#2  Russia is a paper tiger and not up to Putin's ambitions. I'm more than happy to sit back and let them bail out Iceland, particularly with oil under $70 and base commodities collapsing.

Empires are expensive and Russia cannot afford one.

Posted by: DoDo   2008-10-22 13:18  

#1  This sucks. As a kid, I lived on Keflavik AFB (this is in the 50's before the Navy took over) and enjoyed the Icelandic people and their culture. I cannot believe we are giving them up to Putin and his ilk. Iceland has a new Aluminum smelter on the northeast side and other resources. Its still pretty strategic to me. Sad.
Posted by: Jack is Back!   2008-10-22 11:54  

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