Eva Joly: Banking Investigation Will Be Successful Skip to content

Eva Joly: Banking Investigation Will Be Successful

Norwegian-French magistrate Eva Joly, who serves as a consultant to Iceland’s special prosecutor in the banking collapse investigation, is optimistic that it will show significant results soon. However, people must be patient, she said.

“It took some time to establish this powerful team. But now we have three new prosecutors, which is very important, the team is good but more people will be hired,” Joly told Morgunbladid last weekend, during her three-day stay in Iceland.

Joly said she doesn’t know how high the amounts at stake are in the cases that will be taken to the courts but “the amounts are immense,” she stated.

Earlier this year, Joly wrote an article about Iceland’s woes, which was published in Morgunbladid and other newspapers in Europe and America.

Joly said it was unfair to let a small nation bleed for a mistake in the EU’s regulatory environment and criticized the Nordic countries for letting a neighboring country down in an hour of need.

When asked about the reactions to her article in Norway, Joly said they had been good. “Many Norwegians can’t understand why Icelanders are not given a huge loan at low interest rates.”

“Some people want to collect donations,” Joly added. “An old man called me. He said he remembered that when the war ended, it was in 1946, Icelanders provided relief to Norwegians in need.”

On Saturday Joly signed her book, called Hversdagshetjur in the translation of Fridrik Rafnsson, and long queues formed from her desk inside the Eymundsson bookstore on Austurstraeti and out into the street, Morgunbladid reports.

A recent survey in Iceland showed that the majority of respondents have faith in Joly’s work.

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