REYKJAVIK (AFP) - A year after Iceland's stunning economic collapse, most of the directors of its failed banks have fled abroad, tired of angry verbal attacks and the red paint daubed on their homes and cars.
A year ago, the small North Atlantic nation saw its oversized financial sector crumble amid the global credit crisis, as the government took over the three biggest banks and the stock market suspended all financial shares.
With the country on the brink of bankruptcy, Icelanders took to the streets to vent their fury over having lost their savings and their jobs -- while inflation soared and the currency plunged -- all because of the actions of what they saw as a few overly-aggressive and out-of-control bankers.
According to Iceland's special prosecutor investigating the collapse of the banks, 50 to 60 people from the banks' top layers of management have been taken in for questioning so far -- but no charges have been pressed to date.
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