Reuters – An Icelandic court on Monday (Apr 23, 2012) ruled that former Prime Minister Geir Haarde was guilty on one charge related to the nation’s 2008 financial collapse, but no punishment was handed down. He is the only world leader to be tried over the financial crisis.
“It is absurd,” Haarde told reporters after the verdict.
“It is obvious that the majority of the judges have found themselves pressed to come up with a guilty verdict on one point, however minor, to save the neck of the parliamentarians who instigated this,” he added.
Iceland’s biggest banks were all taken over by the state in
late 2008 after the credit crunch sparked by the collapse of
Lehman Brothers froze their access to funds. Iceland ring-fenced the banks’ domestic operations, letting their international operations go bankrupt. more> http://is.gd/s8yxzy
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