Monday, January 26, 2009

Iceland's gov't falls amid financial mess

David Stringer (AP, 1/26/09)



REYKJAVIK, Iceland – Iceland's coalition government collapsed on Monday after an unprecedented wave of public dissent, plunging the island nation into political turmoil as it seeks to rebuild an economy shattered by the global financial crisis.
Prime Minister Geir Haarde resigned and disbanded the government he's led since 2006. Haarde was unwilling to meet the demands of his coalition partner, the Social Democratic Alliance Party, which insisted on choosing a new prime minister in exchange for keeping the coalition intact. More:
Pakistan may pose bigger crisis for U.S. than Afghanistan
Is California's $42B deficit actually a golden opportunity?

No comments:

Post a Comment