REYKJAVIK, Iceland — The second richest man in Icelandic history has filed for bankruptcy, his spokesman said Friday.
Bjorgolfur Gudmundsson, t...
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At any rate, it seemed very strange to us that suddenly Russia wanted to be our new best friend -- particularly as the US was perceived to have turned its back on Iceland a few months earlier by leaving it out of an important currency swap agreement
This classic case of incestuous nepotism reflects a prevalent trend in the Icelandic commercial sector.
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