Iceland’s former Prime Minister Geir Haarde has been referred to a special court in a move that could make him the first world leader to be charged in connection with the global financial crisis.
After a heated debate Tuesday, lawmakers voted 33-30 to refer charges to the court against Haarde for allegedly failing to prevent Iceland’s 2008 financial crash – a crisis that sparked protests, toppled the government and brought the economy to a standstill by collapsing its currency.
Haarde faces up to two years in jail if found guilty. The court, which could dismiss the charges, has never before convened in Iceland’s history. A hearing date has not yet been set.