Wednesday, January 28, 2009
Iceland's Government Melted Away
Iceland's Prime Minister, Geir Haarde and his cabinet resigned, Monday, January 26 of this year because Prime Minister Haarde was unwilling to meet the demands of the Social Democratic Alliance Party. Iceland is in an astronomical crisis due to the banks collapsing under deep financial debts. The banks in Iceland have "borrowed" more money then they could ever pay back. The people are crazy mad because the value of their dollar has gone down significantly and their government has abandoned them. They are reacting to this tragic situation by going into the streets in masses and hitting pots and pans in demonstration. Iceland is going to melt...
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