Mail Online:
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.
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... Read Full Story
REYKJAVIK, Iceland, Jan. 24 (UPI) --
Icelandic Prime Minister Geir Haarde says a general election should be held in his country this May to find his replacement.
Haarde revealed at a news conference Friday that he has been diagnosed with cancer and would not seek re-election to his post, the Daily Mail reported.
the prime minister said.
The next general election is to take place in 2011, but Haarde has been under increased pressure as a result of his country's ongoing economic crisis... Read Full Story
WARSAW (AFP) -- The IMF and a group of European countries are preparing a six billion dollar (five billion euro) loan to Iceland, hit hard by the financial crisis, Poland's finance ministry said on Friday. "Poland has decided to join a consortium of countries that will offer financial support to Iceland," a statement said. "The International Monetary Fund, Scandinavian countries, Britain, the Netherlands and Poland are likely to take part in the consortium. We foresee that the consortium... Read Full Story
AP
REYKJAVIK, Iceland (AP) — A nationally televised meeting between
Iceland's prime minister and other political leaders was forced off the
air Wednesday night when angry protesters disrupted the broadcast.
For more than two decades, the leaders of Iceland's political
parties have met every New Year's Eve over champagne and spiced herring
to talk about the year ahead on Iceland's Channel 2 television.
But this year's show with Prime Minister Geir Haarde was cut short
45 minutes into... Read Full Story
A game played on a rectangular field with net goals at either end in which two teams of 11 players each try to drive a ball into the other's goal by kicking, heading, or using any part of the body except the arms and hands.Each team has one goal keeper who is allowed to handle the ball within a defined area called the box. Live Soccer Result Live Soccer Score Live Soccer Schedule Read Full Story
REYKJAVIK, Iceland, Jan. 27 (UPI) --
The president of Iceland asked the leader of the Social Democratic Alliance to form an interim government Tuesday.
If Social Democratic leader Ingibjorg Gisladottir is successful, the shift will mean the end of two decades of conservative government in the island nation, Financial Times reported. The new government will probably include the Left Green Party.
President Olafur Ragnur Grimsson said the government would function until parliamentary... Read Full Story
REYKJAVIK (AFP) -- Thousands of demonstrators took to the streets of the Icelandic capital Reyjavik Saturday to call on the government to resign and for banks to be more open about the country's financial crisis. Between 3,000 to 4,000 protestors turned out on the fourth consecutive Saturday of demonstrations, with numbers growing each week. The island's economy is heavily reliant on its financial sector and has been brought to its knees by the global banking crisis. The local currency, the... Read Full Story
“Mounting protests in Iceland, police pushed aside”, 11.09.08, iReport
A protest took place today outside the Icelandic parliament building. Motorcyclists protested in a very symbolic manner, reving their engines in tandem churning their tires till the parliament building seemed to go “up in smoke”…
CBC News, 10.17.08
It’s a nice pause at an ugly time. The protesters were out in Reykjavik, just outside parliament, because the nation is virtually bankrupt.
The currency has crashed, and... Read Full Story
REYKJAVIK, Iceland, Nov. 2 (UPI) --
Icelandic officials say Britain has made their dire financial situation even worse by using antiterrorism laws to freeze British assets in its banks.
Already facing an economic meltdown with faltering banks and a greatly devalued currency, Icelandic officials say Prime Minister Gordon Brown's move to lump the country in with terrorist states -- freezing British assets of one failed bank and seizing the assets of another -- have set the country back... Read Full Story
Iceland's leaders say the economic crisis could bring down the country's government within 24 hours. Prime Minister Geir Haarde has called an election for May and says he'll step down due to illness. But it's not clear whether the government can continue until May. Haarde's coalition partner Ingibjorg Gisladottir is threatening to withdraw from the government. Her party wants Haarde to sack the central bank governor — ex-Prime Minister David Oddsson — and commit Iceland to closer ties to... Read Full Story
