If the move and IMF loan can arrest Iceland’s decline, that’s good.
The last thing we want to see happen right now is for nations to become beholden to either Russia or China. The governments of both of those countries can be expected to attempt leveraging loan agreements for strategic advantage, destructive of the interests of both the international community and of their own peoples.
[This tantalizing smidgen of blogoriciousness was cross-posted at my personal blog.]