... on Thursday as the government shut down the stock market and seized control of its last major independent bank... analysts said there was probably only one realistic option left: for Iceland to be bailed out by the International Monetary Fund.Sounds like they've managed to Bjork things in the butt. Thanks geo.
It has been known for a long time that the main source for the wealth in Iceland is Russian money. Now the oligarchs in Moscow have persuaded the Russian taxpayers to save their investments. Naturally it is easier when some of the decision makers have their money there as well.