Iceland’s Former Prime Minister Indicted For Role In Major Financial Crisis
September 29, 2010
Iceland (ChattahBox World News) – Iceland’s former Prime Minister has become the first world leader to be indicted in the global financial crisis, for failing to intervene in the collapse of the country’s economy.
Geir Haarde is accused of not properly stepping in during the severe downturn that led to a collapse of Iceland’s currency, the breakdown of the government and the complete halt to their economy.
The former PM, who is going through treatment for esophageal cancer, said that the charges were ridiculous.
“I will answer all charges before the court and I will be vindicated. I have a clean slate. This charge borders on political persecution,” he was quoted by the Huffington Post.
The charges are likely an ineffectual and empty show from lawmakers in the region. With such severe economic problems being furthered by global issues it is pointless to blame one man. Other ministers were not charged, and even if he is found guilty, Haarde will only serve 2 years. Even that sentence is unlikely, given the fact that he is undergoing treatment for cancer.
Haarde will be tried in front of a special court later this year.