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Icelandic government becomes first to be brought down by the credit crunch

 
Anonymous Coward
User ID: 598990
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01/24/2009 10:44 AM
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Icelandic government becomes first to be brought down by the credit crunch
[link to www.dailymail.co.uk]

Icelandic government becomes first to be brought down by the credit crunch

The government of Iceland today became the first to be effectively brought down by the credit crunch.
After several nights of rioting over the financial crisis, Prime Minister Geir Haarde, surrendered to increasing pressure and called a general election for May.
A poll would not normally be held until 2011.
Haarde also revealed that he had been diagnosed with a malignant tumour of the oesophagus and would not seek re-election.
'I have decided not to seek re-election as leader of the Independence Party at its upcoming national congress,' he told a news conference.
The global financial crisis hit Iceland, which has a population 320,000, in October, triggering a collapse in its currency and financial system under the weight of billions of dollars of foreign debts incurred by its banks
The economy is set to shrink 10 percent this year and unemployment is surging.
Critics wanted Haarde, the central bank governor and other senior officials to resign.

Some senior figures in his party have also said they favour an early election, but Haarde had up to now vowed to defy plunging popularity and stay on.

Protests had been held weekly since the crisis broke last year, but since Tuesday have been held every night.

On Thursday, police used teargas on demonstrators for the first time since protests against the North Atlantic island's entry into the NATO alliance in 1949.
Special forces had to rescue Haarde from his car after he was surrounded by an furious mob hurling eggs and cans outside the government offices, in Reykjavik.
Anonymous Coward
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01/24/2009 10:45 AM
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Re: Icelandic government becomes first to be brought down by the credit crunch
A very Icelandic coup?
Anonymous Coward (OP)
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01/24/2009 10:47 AM
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Re: Icelandic government becomes first to be brought down by the credit crunch
This is just not good enough. Icelandic politicians should be KILLED in the streets for allowing their banking system to be so dominated by the Jewschemes that are progressively destroying all world commerce.
Anonymous Coward
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01/24/2009 10:49 AM
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Re: Icelandic government becomes first to be brought down by the credit crunch
320.000?? our city has more people than that..it will spread all across the U.K. soon
Anonymous Coward
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01/24/2009 11:02 AM
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Re: Icelandic government becomes first to be brought down by the credit crunch
320.000?? our city has more people than that..it will spread all across the U.K. soon
 Quoting: Anonymous Coward 599633


Excuse me while I make a cup of tea.
ZZXZ

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12/31/2013 06:55 AM
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Re: Icelandic government becomes first to be brought down by the credit crunch
bump

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