Should he stay or should he go.....

I can see this kind of row kicking off here in the UK. A new Prime Minister, a discredited governor of the Bank of England, and a purge of all the architects of our financial ruin.

Today, it is Iceland, soon it will be the UK.

Iceland’s week-old government was locked in its first serious crisis on Monday after the governor of the central bank accused it of instigating a “political attack” against him and angrily rejected a demand by the new prime minister to resign.

David Oddsson, a feisty former prime minister and architect of the free market reforms that revolutionised Iceland’s economy and then led to its collapse, was reacting to a letter from the new prime minister demanding his resignation.

(from the FT)