Again Iceland shows us mortals the way to do things properly: former Prime Minister Geir Haarde, who mismanaged the Icesavings crisis, is standing trial for negligence, for not making sure that legal safeguards were there.
He claims that he's the victim of political persecution and a scapegoat and that he did not make sure that financial guarantees were there because he believed that was the best thing to do.
The way to Hell is paved of good intentions, say the superstitious... but it's doubtful this is the case: the guy managed to take the country hostage of private interests and only massive protests and a statesman-quality President who vetoed once and again abusive laws designed to make the citizens pay for the faults of the private banks, managed to save the small island nation, not without trouble.
Sadly enough, the example of Iceland is again not being followed in the rest of Europe. Where is for example Kostas Karamanlis, main local culprit of the Greek debt crisis? He's still the leader of the main right-wing party and not a single case has been opened against him. Or the infamous Brian Cowen, who sold Ireland to the sharks much as Haarde wanted to do with Iceland. None of them has been brought to court and it is a pity because it would seem that only harsh punishment may dissuade politicians from abusing their mandates in favor of the corporations.
Similarly, what do we see with the other culprits of the financial crisis: the core-European and US-American banks? The first are guaranteeing by these abuses that they get paid even if it is with the blood of the Greek, Irish and other European peoples, the latter, the infamous Goldman Sachs, sees its men placed as new proconsuls in Greece, Italy and even the European Central Bank.
More guillotine for the enemies of the People!