Wednesday 26 November 2008

Iceland - Latest

A near-riot and parliament besieged: Iceland boiling mad at credit crunch

One young man climbed on to the balcony of the Althing building, where the president appears upon inauguration and on Iceland's national day, and hung a banner reading: "Iceland for Sale: $2,100,000,000" – the amount of the loan the country is getting from the IMF.

A separate group of 200-300 people gathered in front of the city's main police station, throwing eggs and demanding the release of a young protester being held there. Police in riot gear used pepper spray to drive back an attempt to free the protester during which several windows at the police station were shattered.

Gudrun Jonsdottir, a 36-year-old office worker, said: "I've just had enough of this whole thing. I don't trust the government, I don't trust the banks, I don't trust the political parties, and I don't trust the IMF."

Could be a sign of things to come as the people realise that borrowing more money from the IMF won't solve anything. Iceland leads the way.... and others follow.

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