Geir Haarde

Lawmakers Blame Former Government For Banking Crisis

On Saturday, a parliamentary commission blamed Geir Haarde, Prime Minister of Iceland and three other ministers, for their carelessness that gave birth to banking and financial meltdown in 2008 in the country.

The allegations have been made by Special Investigation Commission (SIC) run on ad hoc basis. He criticized the former Government headed by Haarde and former Finance Minister, Arni M. Mathiessen, ex-Commerce Minister, Bjoergvin G. Sigurdsson and former Foreign Minister, Solrun Gisladottir for their negligence that landed three banks of the country to collapse in 2008.