A moment in history

We are going through a significant period in modern history, which will become a core part of economics, business and global politics studies for many decades to come.

You may wonder why I suggest politics is affected. Simply because alliances are being sorely tested and political manoeuvring is very evident

• Iceland claims Western allies have refused its' calls for help forcing it to turn to Russia for a $4bn loan. Iceland was a founder member of Nato.
• European Government accord has broken down as each State seeks to protect its own banks and inconsistencies provoke accusations that some Governments are destabilising savings markets

That the US election is being fought at such a time is additionally worrying as it may prompt the US electorate to steer the candidates [or they may take the lead themselves to gather late support] towards a greater protectionist era.

Related articles by Zemanta

• Iceland should turn to the IMF not Russia
• Financial crisis Iceland PM warns it's 'every country for itself'
• Iceland: 'This mad foreign adventure is over'
• Iceland nationalizes second-largest bank
• Iceland in talks to get €4bn loan from Russia
• Financial Crisis Iceland gets €4bn Russian loan as banks collapse
• Iceland Seeks Emergency Loan From Russia