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The Inquiry: How Did Iceland Clean up its Banks?

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

When Iceland鈥檚 banking sector collapsed in 2008 it was 10 times the size of the country鈥檚 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. 鈥淎s a consequence,鈥 she says, 鈥渨e were able to clean house pretty quickly.鈥

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

6 minutes

Last on

Wed 10 Feb 2016 15:23GMT

Broadcast

  • Wed 10 Feb 2016 15:23GMT