Former Icelandic Prime Minister Geir Haarde has been found guilty of one of four charges of negligence relating to the collapse of the country's banks during the 2008 financial crisis.
A court in Reykjavik said he had failed to formally inform his fellow ministers about the troubles ahead, reports the BBC. Iceland's three main banks collapsed during the financial crisis, plunging the country's economy into meltdown. Despite being found guilty on but one charge, the court said the former Prime Minister - who resigned in 2009 - will face no punishment.
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