A good question from Lara Hanna’s blog, one of the most active ones in pointing out corruption in Iceland.
What on earth are Sigmundur David Gunnlaugsson and Hoskuldur Thorhallsson of the Progressive Party, doing in Norway?
The official spin is that they are explaining the economic situation in Iceland, and perhaps fishing for a loan without IMF’s conditions.
But why are two managers of a failed Icelandic hedge fund in the podium with them? Boreas Capital which has ties with Landsbankinn and is run by close friends of Bjorgolfur Thor.
And why is the hedge fund registered at the same address as an investment company owned by Sigmundur David’s father?
I heard a disturbing statement on a radio talk show this week where one of the hosts was praising the Progressive Party for having cleaned house the most. Sure does not rhyme with the feeling most people who are familiar with the business sector have. Sigmundur David is just a reincarnation of the old special business interests which the party needs to protect, and the beneficiary of a privatization.
He sure would do well explaining what these men were doing with him in Norway?
Besides, news from Norway state that prime minister Jens Stoltenberg has made Norway’s position clear to the Icelandic government. No loans without the IMF.
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Blubber
2 years ago
Good grief, the whole debacle is wildly embarrassing, yet intriguing in light of this.
And strengthens my belief that Iceland should not get any loans what so ever, the waters are still too murky and there are too many players waiting to get their hands on the money.
Akin to giving cash to a person with a serious gambling addiction.
What Is Going On In Norway? | Today Headlines
2 years ago
[...] clear to the Icelandic government. No loans without the IMF. … View original here: What Is Going On In Norway? Share [...]
buc
2 years ago
iceland is bizarro world.
Inept Althingi – Inept Nation
2 years ago
[...] Arni Johnsen, who steals from his constituents and did time in jail a few years ago is following the filibustering lead of Illugi Gunnarsson who was bailed out of Fund 9 in Glitnir and still hasn’t had to answer these questions on his involvement, Gudlaugur Thor Thordarson whose way has been paid by Jon Asgeir Johannesson and Hannes Smarason and Hoskuldur Thorhallsson who thought he understood Norwegian better than anyone else this autumn. [...]