Glitnir The Independence Party might have enough on their plate with the scandal surrounding the donations from FL Group and Landsbankinn. Andri Ottarsson has resigned as the CEO, issuing a statement saying he had nothing to do with the donations but he still wanted to resign to help the party regain some credibility (why is [...]

The significance of the relevation behind the Independence Party’s acceptance of 55 million ISK from FL Group and Landsbankinn should not be underestimated. It is one of the biggest newsstories in Icelandic history. Here is why: FL Group was a company listed on the Icelandic Stock Exchange where Jon Asgeir Johannesson of Baugur Group and [...]

The biggest story this week was the relevation that the Independence Party accepted two enormous donations from FL Group and Landsbankinn in 2006. At the same time, Geir Haarde was behind a bill in parliament that would limit individual donations to political parties to 300.000 ISK. The FL Group donation of 30 million ISK was [...]