Icelandic banking collapse: everyone blamed someone else

iceland-sattelite2According to the Althingi banking report, of the twelve public figures legally allowed to respond to allegations ahead of time and have their opinions included in the final document, all placed the blame with others.

Despite their personal feelings, the report did make quite clear to state that ministers of the former government were guilty of extreme negligence in their duties leading up to, and immediately following, the banking crash.

Former Prime Minister Geir H. Haarde, Finance Minister Arni M. Mathiesen and Minister of Business Affairs Bjorgvin G. Sigurdsson are all singled out for their failings. All three were among those to have denied responsibility beforehand.

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