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The Essential: The Inquiry: How Did Iceland Clean up its Banks?

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The Inquiry: How Did Iceland Clean Up Its Banks (And Why Can’t We)?

10/02/2016 GMT

The Inquiry: How Did Iceland Clean up its Banks?

BBC World Service - The Essential, The Inquiry: How Did Iceland Clean up its Banks?

Gudrun Johnsen on how she helped make sense of Iceland’s banking collapse

Gudrun Johnsen on how she helped make sense of Iceland’s banking collapse.

When Iceland’s banking sector collapsed in 2008 it was 10 times the size of the country’s entire economy. Gudrun Johnsen sat on the special commission put in place in the aftermath of the crash. In this excerpt from The Inquiry she explains how they were determined to find out what went wrong. “As a consequence,” she says, “we were able to clean house pretty quickly.”

(Photo: Demonstrators in central Reykjavik 22 November 2008. Credit AFP/Getty Images)

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