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Cleaning Up the Men's Mess: Iceland's Women Reach for Power - SPIEGEL ONLINE - News - International

Iceland's women are blaming men for the financial crisis that has brought the country to its knees, They are now looking for a female solution to clean up the mess. Caretaker Prime Minister Johanna Sigurdardottir is heading into this weekend's election with good chances of winning.

It's not shadenfreude that can be read between the lines when Halla Tomasdottir talks about Iceland's financial crisis and her country's bankruptcy, but there may be a bit of satisfaction. "A lot had gone wrong, some things didn't make sense and it couldn't go on that way," the economist says. "We warned it would happen."

Halla was general director of the chamber of commerce when she issued those warnings, but nobody wanted to listen to her advice. She then parted ways and started her own company together with banker Kristin Petursdottir. Kristin had been a manager at the British subsidiary of the crisis-stricken Icelandic bank Kaupthing. Together, Halla and Kristin formed Audur Capital, a financial and investment company that would take a new path.

by Fran on Wed Apr 22nd, 2009 at 01:58:13 PM EST
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