- Jun 29, 2004
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Iceland protest ends in clashes
BBC Video
The sad thing about all of this is that it appears that Icelanders are calling for immediate elections to punish the bankers and previous government. I have yet to come across an article that brought up any real monetary changes besides eating from the pig trough of the IMF.
Remember this event. Once hyperinflation occurs, please restructure our monetary policy and end debt-based money instead of trying to continue to prop up the dollar.
edit:
I just found a blogger who lost his/her job in Iceland and is spending his/her time translating Iceland's news in English. Maybe if you appreciate this person's work you can throw a few bones his/her way.
http://newsfrettir.com/
Protesters in Iceland's capital Reykjavik have clashed with police during a demonstration over the handling of the financial crisis.
Several hundred protesters gathered outside the city's main police station to demand the release of a man jailed in a previous demonstration.
Five people were injured when police used pepper spray to disperse the group after some tried to storm the building.
Iceland faces a sharply contracting economy over the financial collapse.
The group outside the police station broke away from a much larger group of several thousand people who had gathered outside parliament to demand the government's resignation.
Some in the group tried to storm the police building.
The man they wanted to release was later freed, after a fine he owed over a previous demonstration was paid.
There has been a series of protests in Reykjavik calling for the government to resign over its handling of the economy.
The banking system collapsed in October and the currency, the krona, has lost half its value in the past year.
Iceland's government was forced to take over three of its biggest banks last month when they could not keep up with billions of dollars of debt taken on to finance overseas expansion.
The government has taken out $4.6bn (£3.1bn) in loans from the International Monetary Fund (IMF) and four of its Nordic neighbours to stay afloat.
BBC Video
The sad thing about all of this is that it appears that Icelanders are calling for immediate elections to punish the bankers and previous government. I have yet to come across an article that brought up any real monetary changes besides eating from the pig trough of the IMF.
Remember this event. Once hyperinflation occurs, please restructure our monetary policy and end debt-based money instead of trying to continue to prop up the dollar.
edit:
I just found a blogger who lost his/her job in Iceland and is spending his/her time translating Iceland's news in English. Maybe if you appreciate this person's work you can throw a few bones his/her way.
http://newsfrettir.com/