The author of Meltdown Iceland on Silfur Egils. Watch the interview here. At 30.00 min.
The author of Meltdown Iceland on Silfur Egils. Watch the interview here. At 30.00 min.
He calculates that the so-called Icelandic “financial elite” consisted of no more than 30 people. The new banks funded the politicians who had privatised them and global expansion came to follow a familiar pattern: “1) Icelandic bank with dubious credentials bids for established foreign bank using borrowed money; 2) targeted bank eagerly takes the offered [...]
