Johanna Sigurdardottir ,Icelands Prime Minister said in Parliament today, that it was the duty of the Prime Minister, to apologize to the Icelandic people , on behalf of state and public administration at the neglect and complacency which led to the banking crash last year.
" The banks failed,the administration failed,the media failed and the free market system failed " She said at the Parliement.
She also said : The main emphasis of the government are two: First, to get Iceland out of the crisis as soon as possible on the basis of the Nordic welfare values, and secondly to prevent the collapse of this kind again.
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