More on the impacts of the global financial crisis on Europe and Russia. Turns out they are significantly more over-extended than on this side of the Atlantic. Plummeting oil prices have some questioning the solvency of the Russian economy, as they owe $47 billion over the next two months with half a trillion in outstanding debt remaining. Just goes to show that the more governments meddle in the economy, the worse bursting bubbles can impact the global economy. Just ask Iceland, where the government is down $74 billion.