Iceland's Big Three banks very exposed to the financial turmoil - je 07.10.2008 14

Meanwhile Russia says it will give a quote sympathetic hearing to a request by Iceland for billions in euros in credit. Russian Finance Minister Alexei Kudrin told Interfax news service that Iceland is a disciplined and dependable in financial matters, but that a decision would only be made after direct negotiations. This after Iceland's prime minister said the government was working to save the country's banking system. On Monday, the Parliament voted for sweeping powers over banks in an effort to contain the financial crisis.