Former Prime Minister of Iceland Geir Haarde, right, gestures as he sits in court in Reykjavik Monday April 23, 2012 . Geir Haarde the leader of Iceland's government when the nation's banking system ... more 
Former Prime Minister of Iceland Geir Haarde, right, gestures as he sits in court in Reykjavik Monday April 23, 2012 . Geir Haarde the leader of Iceland's government when the nation's banking system collapsed was convicted Monday of one criminal charge, cleared on four others and faces no punishment, a special court announced. The court also said the state would pay Geir Haarde's expenses for defending the case. Haarde, who led the government from 2006 to 2009, was the first government leader anywhere to face criminal prosecution because of the global banking crisis. He smiled and shook hands with supporters after the judgment was announced (AP Photo/Brynjar Gauti) less 
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Associated Press | Photo By Brynjar Gauti
Mon, Apr 23, 2012 12:07 PM EDT