Icelandic Parliament’s Crisis Report Delayed Skip to content

Icelandic Parliament’s Crisis Report Delayed

Páll Hreinsson, chairman of the Icelandic parliament Althingi’s investigation committee, which is responsible for investigating the events preceding the banking collapse and its causes, announced at a press conference yesterday that the committee’s report will be delayed again.

Inside the Althingi parliament. Copyright: Icelandic Photo Agency.

The report was originally supposed to be finished on November 1, 2009. Then the committee announced more time was needed and the new deadline was February 1, 1010. Now the committee’s goal is to publish their investigative report by the end of February, reports.

“I ask you all to remember that the main reason for our work taking longer than originally assumed is that we have, during our investigation, found more items that we believe need to be clarified,” Hreinsson said.

The investigation committee has received formal reports from 150 individuals and questioned nearly 300 individuals.

Tryggvi Gunnarsson, one of the committee’s members, said the investigation has proven much more extensive and complicated than expected.

“We have come to realize that these matters, for example just within the administration, have a much longer history than that the chairman of Glitnir walked into the Central Bank and said that Glitnir was in trouble,” Gunnarsson said.

Click here to read more about Glitnir’s story.

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