True enough, as far as it goes. The Icelandic people are now presented with a huge bill left behind by financial scoundrels, who have ruined the Icelandic economy and left the nation´s reputation in tatters.This misfortune has befallen the nation because the conservative leadership, returned to power in three consecutive elections, betrayed the trust of the people. But this means that the majority of the population must also bear a part of the blame.
ICELAND AND THE EUROPEAN UNION
In her article: “Iceland – What can be Learnt from the Crash” – published in Le Monde, the Daily Telegraph and Aftenposten in Norway, August 1st, Madame Eva Joly, member of the European Parliament, pleads the case of the Icelandic people, based on the premise that they were innocent victims of events, beyond their control.