Iceland's ex PM: 'We didn't know the banks were fishy'

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The trial has started of Iceland's former prime minister Geir Haarde. He is accused of failing to take measures to prevent the financial crash in 2008 that meant the country needed a 10 billion euro IMF bailout.

He is also accused of failing to rein in Iceland's top three banks which went bust after years of debt-fuelled expansion.

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http://www.euronews.net/