Haarde is the only politician to have been found
guilty by a court of helping to cause the crisis. Last yr an
Icelandic court found Haarde guilty of failing to hold emergency cabinet
meetings in the run up to the crisis. Haarde fell from power after the country's
three biggest banks collapsed, the country's economy went into meltdown, and
the government was forced to borrow $10bn (£6.3bn) to prop up its economy.
During the trial, he said: "None of us realised
at the time that there was something fishy within the banking system itself, as
now appears to have been the case.
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