Finally, Mr. Prime Minister

That politicians are a little bit on the daft side is something that we all know by now, but it is funny when examples of this appears right in front of our nose. For over a year now Iceland has struggled with economic severity and hardships, but it wasn’t until yesterday Prime Minister Haarde had the courage to admit it. “The economic situation has in a short space of time changed very much for the worse. … Government, companies, households and people have seldom faced such great difficulties“, he said. You finally realized that NOW? Iceland is now looking forward on the possibility of maybe being forced to form a coalition government, something that hasn’t been used since the British occupation during the WWII.

The Icelandic unemployment rate is expected to skyrocket from one of Europe’s lowest (1,2 %) to 3.9 % in 2010, according to Governmental estimations. Another problem is that Iceland has a former Prime Minister as a manager of the National Bank of Iceland, Seðlabanki Íslands – Davíð Oddsson. Davíð contributed a lot to Iceland’s success during the 90s, but why on earth do they put him in charge over the National Bank?? That is to say – OK, there you are, welcome to the beautiful world of governmental supported corruption and bad managing. Of course he will do bad businesses because he still has pals at the highest rank in the politician top. The banks should be as neutral to politics as possible and do their job resting on wise economic decission makings; not what politicians or the public opinion supports for the moment.


About tegis

This blog belongs to Carl-Mikael A. Teglund - tegis. Swedish emigrant with a heart for languages, philosophy, history, and politics (classical liberalism in the European tradition). Go ahead and look, read, or listen. I'm sure you will find it interesting.
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