Tuesday, January 27, 2009

Iceland turfs out the rulers who caused their mess

Credit crunch claims Iceland government

The global economic crisis claimed its first government yesterday when Iceland’s ruling coalition collapsed amid a cacophony of popular protest. The Government resigned en masse after days of mounting anger over the country’s financial meltdown. The protests, which began peacefully after the nationalisation and overnight bankruptcy of Iceland’s three main banks, turned violent last week with the nation experiencing its worst riots in 60 years. At their height 32,000 people — more than 10 per cent of Iceland’s population — took to the streets of Reykjavik banging pots and pans in what came to be known as the “Household Revolution”. Jubilant protesters celebrated outside Iceland’s parliament yesterday after news of the Government’s fall. The country’s future looks far from secure, though.

Posted by drewster @ 01:18 AM (902 views)
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6 thoughts on “Iceland turfs out the rulers who caused their mess

  • didn’t see this on the news.

    Iceland too close to home is it?

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  • Wow – I thought they were going for an early election in February, then they just all walk out.

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  • Haarde has been disgnosed with a malignant tumour as well. He said he was resigning for personal reasons.

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  • I think the Times is being economical with the truth – there were other factors involved too. Nonetheless if 10% of the population were really marching in the streets (“riot” is just tabloid sensationalism) then that is quite significant.

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  • Agreed inbreda.

    This was largely ignored by the media. Wouldn’t want to give the rabble any ideas.

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  • I head this on my BBC local news this morning. Interview with an Icelandic journo as well.
    Good for the people of Iceland. Of couse any challenge to power by the people will always be labelled as violent and unlawful.

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