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Iceland%27s+ex-PM+to+go+on+trial+over+2008+crisis
Monday, 05 March 2012 - 10:21
Iceland's ex-PM to go on trial over 2008 crisis
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Former Icelandic Prime Minister Geir Haarde is to go on trial at a special court on charges of negligence in his handling of the 2008 financial crisis.

The country's three main banks collapsed during economic turmoil.

The failure of Icesave, which hit thousands of savers in the UK and Netherlands, led to a dispute over compensation, which remains unresolved.

Haarde rejects the charges as "political persecution", saying he would be vindicated during the trial.

The proceedings will be held at the Landsdomur court, a special body to try cabinet ministers, which has never before heard a case.

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