Iceland's former Prime Minister Geir Haarde on Monday (5 March) became the world's first leader to be put on trial on charges of negligence over the 2008 financial crisis.
Haarde, who was a premier from 2006 to 2009, is being accused of "gross negligence" in failing to prevent the collapse of Iceland's top three banks - Glitnir, Kaupthing and Landsbanki – all heavily involved in risky investments on the US real estate market.
One of the main architects of Iceland's transformati...
Back our independent journalism by becoming a supporting member
Already a member? Login here