Geir Haarde

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Iceland's Ex-PM Guilty on 1 Count in Banking Crisis

Geir Haarde cleared on four other charges

(Newser) - A special court today found a former Iceland prime minister guilty of one charge related to the nation's banking crisis but cleared him of four other charges. Geir Haarde will face no punishment, and the state will pay his expenses in defending the case. Haarde, who led the government...

Ex-World Leader Indicted Over Financial Crisis

Iceland's Geir Haarde says charge 'borders on political persecution'

(Newser) - Iceland’s legislature has decided to file charges against the country’s ex-prime minister over his role in the financial crisis. After a contentious vote yesterday, lawmakers voted 33-30 to refer charges against Geir Haarde to a special court, the AP reports. That’ll make Haarde the first world leader...

Finance Crisis Topples Iceland's Gov't

Leftist party likely to replace coalition; protests growing

(Newser) - Iceland’s coalition government collapsed today amid financial upheaval, with PM Geir Haarde planning to resign. “I really regret that we could not continue with this coalition. I believe that that would have been the best result,” he said. The coalition had been in turmoil since October, when...

Iceland Shuts Stock Market, Nationalizes No. 1 Bank

Overexposed Nordic nation sinks deeper into financial crisis

(Newser) - Iceland shut down its stock exchange today due to "unusual market conditions" and will keep it closed until Monday, the AP reports. The move came just hours after the Icelandic government nationalized Kaupthing, the nation's largest bank and the third to come into public ownership. An IMF delegation...

Russia Drops $5.4B on Iceland's Imploding Economy

Nordic nation pegs exchange rates, nationalizes another bank

(Newser) - Iceland is in talks to receive a $5.43 billion loan from Russia to stave off economic collapse, as the tiny Nordic country nationalized yet another bank and fixed its currency's to the euro. An oversized banking system has left Iceland dangerously exposed to market gyrations, and the prime minister...

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