Oddsson Says Iceland `Overstated' Accord on Russian Loan

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.