Iceland got a 4 billion-euro ($7.6 billion) loan from Russia, pegged the krona to a trade-weighted index and nationalized the nation's second-biggest bank after the currency's slump and bad debts crippled the financial system.
Russia wants to show that it's a financial power and is willing to help solve the global crisis,'' said Beat Siegenthaler, chief emerging markets strategist in London at TD Securities Ltd. ``There are more questions as to why Iceland was not able to get a similar loan from the Nordics or from the European Central Bank or the UK.
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