InfoAnda - Ex-PM cleared of major charges in Iceland crisis trial |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Hope fades as Afghan avalanche toll hits 171 | 12 February 2010
US economic worries spark calls for swift euro action | 12 May 2010
Pakistan's displaced head home, blast rocks village | International | | 13 July 2009

California Holds Largest Earthquake Drill In U.S. History Thursday | 15 October 2009

Forum Views () Forum Replies ()

Read more with google mobile : Ex-PM cleared of major charges in Iceland crisis trial |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Fred Kempe Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Slideshow Full Focus Editor's choice Our best photos from the last 24 hours. Slideshow Multimedia: Window to North Korea During a strictly controlled press tour of North Korea, photographer Bobby Yip’s only method of documenting everyday life was through the window of a bus. Photo blog Follow Reuters Facebook Twitter RSS YouTube Read Dutch coalition to quit in budget row-broadcasters 6:50am EDT Turkey says Israel not welcome at NATO summit 8:38am EDT GM CEO says to add 600 China dealers in 2012 6:52am EDT The long and short of Mitt Romney's VP list 22 Apr 2012 Norway killer says hoped to have massacred more | 2:47pm EDT Discussed 187 Trayvon Martin’s killer showed signs of injury: neighbors 97 Nugent says had ”solid” meeting with Secret Service 89 Human-made earthquakes reported in central U.S Watched Kent State University festival ends in clashes Sun, Apr 22 2012 North Korea 'special action' threat 6:34am EDT Gunfire rings out in Syria Sun, Apr 22 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Sudan war reignites Sudanese war planes bombed a town in South Sudan in an attack the southern army called a declaration of war. Slideshow LA riots: 20 years later The intersection of Florence and Normandie, flashpoint of the riots, as it looks today. Slideshow Ex-PM cleared of major charges in Iceland crisis trial Tweet Share this Email Print Related News Former Iceland PM to learn if guilty in 2008 crisis 4:20am EDT China's Wen in Iceland, eyes on Arctic riches Fri, Apr 20 2012 Analysis & Opinion Titanic proportions Can the euro omelette be unscrambled? Related Topics World » 1 of 3. Former Iceland's Prime Minister Geir Haarde arrives at his trial in Reykjavik April 23, 2012. Credit: Reuters/Ingolfur Juliusson By Mia Shanley REYKJAVIK | Mon Apr 23, 2012 3:28pm EDT REYKJAVIK (Reuters) - Iceland's former prime minister was found innocent on Monday of three major charges of negligence related to the country's 2008 economic collapse, and guilty of a smaller count that carried no prison sentence. The verdict by a special court was seen by many as little more than a slap on the wrist for Geir Haarde, the only leader in the world to face prosecution over the global crisis. He had faced up to two years in prison if found guilty of the more serious charges, including neglecting to deal with an overblown banking sector. Haarde looked on and showed no visible emotion as the 15-judge court issued its verdict, convicting him of failing to hold dedicated cabinet meetings ahead of the crisis. About 70 people, including his family and political supporters, attended the session. Moments later, he told reporters that the judges had tried to appease a public opinion angry at a political elite perceived as fostering an unsustainable banking system that grew to 10 times Iceland's GDP just before the meltdown. "It is absurd," a furious-looking, red-faced Haarde said. "It is obvious that the majority of the judges have found themselves pressed to come up with a guilty verdict on one point, however minor, to save the neck of the parliamentarians who instigated this," he added. Outside the court, a protester banged on a pot, in a repeat of the gesture that Icelanders carried out at the height of the crisis in the streets outside parliament. The protests were the biggest ever seen in Iceland, occasionally turning violent in a nation renowned for its peaceful nature. All of Iceland's top banks went under in 2008 just days after the collapse of Lehman Brothers, which led to a freeze on global interbank lending. The country's crown currency nosedived and many Icelanders who had taken out foreign currency loans found themselves saddled with even bigger piles of debt. Despite the anger, many Icelanders say the 61-year-old Haarde, generally seen as a decent person who was too soft in his role as prime minister, should not have been the only politician put on the stand. "He was the captain on the bridge, but there were more ministers," said Arni Einarsson, a pensioner. "The politicians thought that Iceland was like the Titanic - unsinkable." "NOT UNIQUE" Prime Minister Johanna Sigurdardottir, who served in Haarde's cabinet during the boom years that preceded the crisis, said the verdict had taken her by surprise. "I never thought the charges were sufficient to warrant the indictment and subsequent trial," she told state television. Haarde said that while his government could have done something different in the run up to the island's worst-ever crisis, he doubted he could have stopped it. "Look at what the leaders of the central banks of the U.S., the UK have said repeatedly - they didn't see this crisis coming. The IMF didn't see this crisis coming," he told Reuters after the verdict, which was broadcast live on TV. "Look at what is happening in Greece, Spain, Portugal, Ireland, Italy. Our situation is not unique." Haarde, who had pleaded innocent to all charges, said he is considering taking his case to the European Court of Human Rights. Eirikur Bergmann, political science professor at the Bifrost University north of the capital, called the ruling "a slap on the wrist". "He's not convicted on any of the charges leading up to the crisis - sponsoring the system that proved unsustainable," said Bergmann. "It is an in-between ruling to calm both sides of society." Though the economy is recovering from the crisis and Iceland successfully completed a bailout program led by the International Monetary Fund, people remain distrustful of state institutions. Polls show that parliament has the support of only 10 percent of the public. Capital controls remain in place, damaging the economic recovery. (Writing by Alistair Scrutton, additional reporting by Omar Valdimarsson in Reykjavik and Anna Ringstrom and Niklas Pollard in Stockholm; Editing by Alessandra Rizzo) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 24 April 2012
Venezuela's Chavez calls home to squash death rumors |
Norway killer says hoped to have massacred more |
U.S. says has raised North Korea missile-linked sale with China |
Sudan market bombing a declaration of war: South |
Russian envoy warns on U.S. human rights bill |
Cuba plans massive shift to non-state sector |
Ex-PM cleared of major charges in Iceland crisis trial |
Bahrain protester died of birdshot wounds: relative |
Facebook reveals revenue, profit slide ahead of IPO |
Facebook pays Microsoft $550 million for AOL patents |
Texas Instruments rev forecast beats estimates |
Options market sees big earnings move for Apple |
STMicro's revenue slides as wireless struggles |
Jennifer Hudson always disliked man accused of killing her family |
Smart dragon tops list of fiction's richest characters |
Lohan comeback forges ahead with Liz Taylor role |
Robin Gibb woke from coma to sound of his music |
Exclusive: North Korea's nuclear test ready soon |
Exclusive: China firm boasts about missile-linked North Korea sale: envoys |
Analysis: Old wounds, ethnic rivalries stoke Sudan war fever |
Hama shelling undermines Syria truce |
Manila's Philex finds more gas in South China Sea; may fuel China tension |
Analysis: Mali: from democracy poster child to broken state |
U.N. chief to visit Myanmar to encourage reforms |
Google's Schmidt set to testify in smartphone trial |
Options market sees big earnings move for Apple |
Google to launch online storage service for consumers: source |
Yahoo Japan, Yahoo Inc end talks on share buyback |
Toshiba drops out of bidding for Elpida: sources |
Taiwan's HTC sees Q2 revenue up 55 percent from Q1 |
Microsoft infringes Motorola Mobility patents: ITC judge |
Chinese investors scramble for a bite of Apple |
Jennifer Hudson says always disliked man accused of killing her family |
Ryan Seacrest to stay on 'American Idol' |
Noah Wyle arrested at protest in Washington |
Norway bomb blast diverted police, court hears |
Calderon presses for U.S. answer on Pacific trade pact |
Berlusconi paid Mafia for protection: top Italy court |
Pakistan bombing kills at least two in eastern city Lahore |
Dutch opposition rejects budget cuts, crisis deepens |
China's moms key to Nestle baby milk deal |
Facebook reveals revenue, profit slide ahead of IPO |
Fitch cuts Nokia to junk, outlook negative |
Serial killer drama leads British BAFTA TV awards |
Kimmel to feast on stupid comments at White House dinner |
Comedian Russell Brand speaks to UK MPs on drug addiction |
Sinead O'Connor cancels tour due to bipolar disorder |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01