06/12/2010 05:12 am ET | Updated May 25, 2011

Iceland's Ex-PM Showed 'Extreme Negligence' in 2008 Crisis, Commission Finds

An official probe Monday said several former leaders, including an ex-premier, were guilty of "extreme negligence" in the lead-up to the 2008 financial crisis that crippled Iceland's economy.

Former prime minister "Geir H. Haarde, Arni M. Mathiessen, former finance minister, and Bjoergvin G. Sigurdsson, former minister of banking, showed extreme negligence before the fall of the three banks in October 2008," the Special Investigation Commission (SIC) wrote.

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