DJ: It's interesting that David Cameron mentioned Lady Thatcher, probably for the first time, in his last big speech, so perhaps he is beginning to rediscover that legacy.
SJ: There's no need to be ashamed of what she did.
DJ: Do you think that the West is getting the problem of Iceland right?
SJ: No, no. Not at all, and I'm actually a bit worried about the positions Gordon Brown is taking on that. I have no problem seeing that the bankruptcy of huge Icelandic banks is creating problems for British people, it even creates problems for Norwegian people. But that has to do with the financial scandal that we're seeing. The problem now is that Gordon Brown is attacking Iceland instead of trying to be part of a rescue plan, and I believe that it's Europe's responsibility, Norway's responsibility, to reach out and help them.
But what has happened is that Icelandic politicians have visited Moscow, negotiating the terms of a possible loan. And that is not just a loan; if they accept the terms, that will have an impact on the geopolitical situation in that region. It will affect not only Iceland, it will affect Norway. But it will also affect Europe, and even the US. It has to do with controlling the resources in that area, it has to do with controlling fisheries, oil and gas. I mean, it's dangerous. And so you cannot isolate that into being just a consequence of the financial crisis. It's so much more. And in modern warfare, if I can put it that way, where you have asymmetric warfare, you have to think far beyond what we are used to when it comes to Cold War thinking. You cannot see Russia in a Cold War perspective any more, but they're getting their strength back, they're getting financial muscles, they're building an oil fund, they have been rebuilding their army for quite some time, whereas Europe has gone the other way around, and that creates challenges. In today's warfare scenarios, you have to include economics, financial issues, trade, and energy issues, and ignoring that is very dangerous.
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