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Last week 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction.
It has been a revolution without weapons in Iceland, the country that hosts the world’s oldest democracy (since 930), and whose citizens have managed to effect change by going on demonstrations and banging pots and pans. Why have the rest of the Western countries not even heard about it?
Pressure from Icelandic citizens’ has managed not only to bring down a government, but also begin the drafting of a new constitution (in process) and is seeking to put in jail those bankers responsible for the financial crisis in the country. As the saying goes, if you ask for things politely it is much easier to get them.
Interpol, meanwhile, had issued an international arrest warrant against Sigurdur Einarsson, former president of one of the banks. This situation led scared bankers and executives to leave the country en masse.
In this context of crisis, an assembly was elected to draft a new constitution that would reflect the lessons learned and replace the current one, inspired by the Danish constitution.
To do this, instead of calling experts and politicians, Iceland decided to appeal directly to the people, after all they have sovereign power over the law. More than 500 Icelanders presented themselves as candidates to participate in this exercise in direct democracy and write a new constitution. 25 of them, without party affiliations, including lawyers, students, journalists, farmers and trade union representatives were elected.
Sigurdur Einarsson, the ex-chairman and chief executive of collapsed Icelandic bank Kaupthing, is wanted by Interpol on suspicion of forgery and fraud.
The former banking executive, who lives in West London, publicly blamed Gordon Brown for Kaupthing’s collapse in October 2008. He has now been listed on the website of the international law enforcement agency as “wanted”.
Iceland’s special prosecutor issued an international arrest warrant for Mr Einarsson yesterday, with a description of him as 1.8m tall, 114kg in weight, bald and with blue eyes.
According to Icelandic media reports, he has told the prosecutor’s team that he is willing to return to his home country to help with their enquiries on the condition that he is not arrested on arrival.
Originally posted by ElOmen
I'm guessing Iceland was tptp weak spot, let's take the rest of this corrupt behemoth down, if Iceland can do it why can't we!
Originally posted by xuenchen
Why hasn't #Occupy pushed this ???
it's right up their alley.
and it's genuine for a change.
Originally posted by rebellender
The Story is bogus.
But please entertain "What If's"