Nowhere is the financial meltdown as HOT as in Iceland - je 08.10.2008 08

Nowhere is the financial meltdown as HOT as in Iceland. The country's entire banking sector is frozen this week. In an emergency measure, the government nationalized the country's second largest bank and is negotiating a 4- Bbillion euro loan from Russia to prevent a total economic collapse. Iceland's Prime Minister says no Western country was willing to offer help that would not destroy the country's economy. +++SYN+++