Iceland’s prime minister resigned yesterday, the first casualty of the global revelations over offshore companies.
For the second time in a decade the island of just 320,000 people has become a focus of global attention over financial excesses, even as it remains deeply divided over the collapse of its banks in 2008.
“This is the second phase. The first phase was the practical part of clearing up after a massive banking failure. What we are looking at now is the bankruptcy of politics and certain politicians,” said Huginn Thorsteinsson, a leftwing political consultant.
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