03 Sep '11, 2am

Ex-PM to go on trial for Iceland banking crisis: REYKJAVIK: Iceland's former prime minister Geir Haarde goes on

Ex-PM to go on trial for Iceland banking crisis: REYKJAVIK: Iceland's former prime minister Geir Haarde goes on

REYKJAVIK: Iceland's former prime minister Geir Haarde goes on trial on Monday over the country's 2008 financial meltdown, a case he describes as a "farce" and which his lawyers will ask the court to dismiss. Haarde is the only politician to face trial before the Landsdomur, a never-before used special court for cabinet ministers, over the country's stunning economic collapse in which all the major banks failed. Haarde, 60, told AFP in an email his lawyers would ask the court to throw out the charges, his third request for a dismissal. Political analysts have criticised parliament's decision to press charges against the former prime minister. "Unfortunately the Althingi (the parliament) did not move wisely when it decided to press charges," Gunnar Helgi Kristinsson, a political science professor at the University of Iceland, told AFP. He claimed that personal vendettas by ...

Full article: http://www.channelnewsasia.com/stories/afp_world/view/115...

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