The South African Civil Society Information Service
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
8 Mar 2012
Iceland's former Prime Minister, Geir Haarde, is the only political leader in the world to face prosecution over the financial and banking crisis that hit the world economy.
He is in the dock for failing to prevent the 2008 financial crisis that brought Iceland's economy to its knees.
According to Omar Vladimarsson of Reuters, "Haarde is charged with gross negligence for failing to take proper measures to prepare for an impending financial crash. He is also accused of failing to rein in the banks before their expansion threatened the whole economy."
In the clip featured above, Al Jazeera's Rory Challands reports from Iceland's capitol, Reykjavik.
Editor's Note: You might also be interested in further reporting from the BBC: "Trial of Iceland ex-PM Haarde over 2008 Crisis Begins".
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