It was to be expected that the administration of the conservative Independence Party, whose reign laid the ground for the country’s swamp of sleaze and corruption, would drag their feet initiating any sort of investigation, but no matter where on the political spectrum they are, Icelandic politicians seem to view this investigation as some kind of a side issue. It took months to establish the office of the Special Prosecutor which has been starved of funds from the beginning; the banks and their boards are still littered with incompetents who oversaw the old swindle mills. How clueless Icelandic politicians are was especially evident during this spring’s election campaign. I’ll never forget watching the largest televised debate before the election, where nary a single word was uttered about the collapse or the investigation, but candidates bickered about what quick-fix would save the country – more aluminum plants, EU membership. There was something surreal about these exchanges, bringing to mind scenes of a mass destruction – the mad elephant has trashed the living room, and everyone is squabbling about how to pick up the pieces, with the elephant still strolling around the room.

Iris Erlingsdottir at the Huffington Post

Related posts:

1. Financial Times: Iceland After A Year Of Financial Crisis
2. Progressive Party Refuses To Leave The Green Room
3. Top Secret Financial Disaster
4. Sunday Times Book Review: Meltdown Iceland: How the Global Financial Crisis Bankrupted an Entire Country
5. Neither fair nor trustworthy