JANE BURGERMEISTER REPORT:’Iceland’s Ex Premier charged today, Germany’s Chancellor tomorrow?’
Merkel’s claim that there is no alternative between giving more money to American, German and French banks or a disorderly insolvency is a verifiable lie and brazen threat. How long till Merkel stands trial along with German Finance Minister Wolfgang Schäuble and Bundesbank chief Jens Weidmann for their role in this financial catastrophe that profits only American, German and French banks? They never thought it would happen in Iceland either.
Iceland Ex-Premier Charged, Could Others Follow?
Published: Thursday, 9 Jun 2011 | 6:15 AM ET
By: Peter Guest
Geir Haarde, Iceland’s former prime minister, has been charged with criminal negligence over his part in the collapse of the country’s banking sector in 2008, the first credible attempt to hold a head of government accountable for the failures in oversight that led to the global financial crisis.
The banking crisis and economic downturn has brought down governments – most recently Portugal – and seen others lose at the ballot box. However, none to date has been hauled before a court.
“This is of course a unique thing here for us, and would have been absolutely inconceivable before the crisis,” Eirikur Bergmann, director of the Centre for European Studies at Bifrost University in Iceland told CNBC.com.
Read more at: http://www.cnbc.com/id/43336607
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