Iceland Asks 2 Women to Fix Men's Banking Fiasco
"It's Typical, the Men Make the Mess and the Women Come In to Clean It Up"
Iceland, the country on the verge of bankruptcy, has tapped two women to fix its desperately over-leveraged banking sector. Elín Sigfúsdóttir and Birna Einarsdóttir will each head one of the nationalised banks created by the Icelandic government in the wake of the crisis. Many critics have blamed the collapse of the country’s financial sector, and the currency, markets and overall economy as a result, on the young and predominantly male bankers whose “eyes became bigger than their stomachs”, as one banker conceded.
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