Iceland’s former premier, Geir Haarde, yesterday became the first political leader to be tried over the global financial crisis as judges began to decide whether he can be held responsible for the collapse of the country’s banking sector.
Haarde, who has dismissed the case as a farce, was one of four politicians blamed in a report last year for contributing to the country’s stunning economic collapse, when all its major banks failed in a matter of weeks in October 2008.
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