The Iceland Weather Report has put together most of what you need to know about the current Magma Energy debacle.
But the revelation that it needed two unpaid bloggers, Lara Hanna and Teitur Atlason to uncover and expose the whole affair reminded me of a call I got last year from a representative of the government.
He asked me about the whereabouts and affairs of Halldor J. Kristjansson, the former Landsbanki CEO. After ten minutes on google.ca and two phone calls I could tell him that Halldor was working in Canada for Cash Store Financial. I was stunned that people from within were calling me for such information.
After befriending Gerard Van Vliet, the representative of the Dutch savers who lost their money on IceSave, I have seen glimpses of how inept the whole system is in dealing with things and persons foreign to it. Meetings are repeatedly called off at the last minute, with people having flown in from Europe. Email is left unanswered, people arrive unprepared for meetings. Members of the government’s coalition parties shun each other.
There are probably too many people in the system whose main qualifications include working for and within their party for a long while.
Related posts:
Lino
1 year ago
>the whole affair reminded me of a call I got last year from a representative of the government
you found your call! ISS: Icelandic Secret Service
Dadi
1 year ago
Exactly Lino… 007 in a woollen sweater, with his skyr shaken, not stirred
Blubber
1 year ago
Answer emails? That would be positively unpatriotic, you EU promoting fatherland betrayer.