Monday, March 05, 2012

Iceland's former Prime Minister on trial for negligence!

A precedent of considerable concern to many supposed democratic leaders and Commission officials across the EU is set today when Former Icelandic Prime Minister Geir Haarde goes on trial at a special court on charges of negligence in his handling of the 2008 financial crisis. The BBC News report on this trial is linked here.

As detailed blow by blow on this blog, the British Government's handling of the banking crisis, the full effects of which have been merely deferred rather than confronted; sometimes pale into insignificance when compared to the events within the eurozone, but what Brown and Darling accomplished nevertheless will eventually require their being brought to account!

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Anonymous Budgie said...

Hmmm. It is good to see that a politician can be tried. In the UK the politicians continue to get away with it by transferring the blame onto nebulous "Bankers". I hope our politicians begin to worry seeing the precedent in Iceland.

Brown should certainly go on trial. On the other hand Darling was refreshingly honest and, in the circumstances then, did better than Osborne is doing now.

10:05 AM  
Blogger Martin said...

Budgie, I mostly agree, but on Darling AND according to his own memoirs his links to the Scottish banking system were admitted to be very close and the Xmas visit from Fred the Shred (at his Edinburgh home with no officials or witnesses) seems both odd and a possible indication of one getting an excuse in early, don't you think?

12:23 PM  

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