>>69046It will be very different.
Iceland's banks had huge investments completely disproportionate to the population thanks to fiscal dumping they managed to get truckload of foreign deposits. With the finantial crisis all the banks have gone belly up. In a normal country the government can just bail out the banks with its own money since the taxpayers are numerous enough to pay for that. With Iceland 300,000 odd citizens you can't really do that unless you print lots of money which makes your currency worthless. That's what Iceland just did and their currency is now worthless and their banks will still probably go bankrupt. In fact Britain just froze Iceland' assets on its soil to protect British investors' interests.
The only solution for Iceland is to accept the $4 Billions Russia promised it. Essentially it means that Russia is buying the country.
Enjoy your Russian colony.