The party ousted from government in 2009 after presiding over Iceland’s financial meltdown emerged as the biggest winner in the weekend’s parliamentary elections as talks start to form a ruling coalition.
Everybody is polite and formal at the trial of former Icelandic Prime Minister Geir H. Haarde, which began last week inside a historic mansion in the capital, Reykjavik. Yet the atmosphere is tense, and the stakes are high.
Iceland is using a criminal trial examining former Prime Minister Geir H. Haarde’s role in the island’s 2008 banking crisis as a platform to seek laws that will make it easier to prosecute politicians.
Iceland’s trial of former Prime Minister Geir H. Haarde for his role in the island’s 2008 bank crisis may face hurdles as policies he backed have since proved key in propelling the nation’s economic resurrection.
Iceland’s former Prime Minister Geir H. Haarde defended his role in the 2008 implosion of the island’s financial system after a parliamentary committee recommended he be indicted for “violations” of his duties.
Iceland’s former Prime Minister Geir H. Haarde , who led the island from boom to bust two years ago, became the first political leader to be indicted for mismanagement of economic affairs during the financial crisis.
Iceland’s former Prime Minister Geir H. Haarde , the first government leader to be indicted for economic mismanagement during the financial crisis, said he is the victim of political revenge and blamed the island’s banks for the collapse.