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RSS FeedsIceland seeks financial crash closure with last prosecution
(WorldNews Europe)

 
 

15 october 2018 13:56:59

 
Iceland seeks financial crash closure with last prosecution
(WorldNews Europe)
 


REYKJAVIK, Iceland (AP) - The Lehman Brothers bankruptcy threw the United States into an epoch-defining financial storm. Imagine 300 of them going bust at once. That, in relative terms, is what Iceland endured a decade ago during its banking crisis, which on this rugged island steeped in myths of gods and giants is now known as “hrunid” - the collapse. The last in a series of prosecutions of those deemed responsible started this month and the hope is that it will give this country of 330,000 people some closure after years of reckoning and reconstruction. Icelanders have become more cynical about political and business leaders, to the point of drafting a new constitution. The top...


 
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