Oddsson Says Iceland `Overstated' Accord on Russian Loan
Submitted by webmaster on Tue, 2008-10-07 08:02.
Iceland's Central Bank Governor David Oddsson talks with Bloomberg's Paul George from Reykjavik about the country's banking crisis, it's impact on the krona and the outlook for negotiations with Russia over a 4 billion-euro ($5.43 billion) loan. The global liquidity squeeze has sent Iceland's currency into a tailspin on concern the rapid expansion of the country's commercial banks had left the financial system with unsustainable debts.


