Wednesday, January 21, 2009

Global financial crisis overwhelms tiny Iceland


By Li Bin Chen

In the depth of winter, the sun shines about four hours a day here. But thousands of Icelanders – more than 1 percent of the entire country – have sacrificed much of their precious few hours of daylight in recent weeks to protest the financial darkness that now shrouds their island.

From dapper senior citizens to masked anarchists, an eclectic group gathers every Saturday to demand the resignation of their government. On Tuesday and Wednesday, they clashed with police in increasingly violent demonstrations that suspended Parliament.

They’re furious over Iceland’s recent plunge from the world’s fourth richest nation – and the best in the world to live in, according to the United Nations – to global financial crisis roadkill. Its banks are ruined, the currency devastated, and one of the country’s closest allies recently named it a terrorist state.

“This has been very hard for the nation,” says protester Rosa Eyvindardottir, eight months pregnant and carrying a red socialist flag in her hand during a recent Saturday protest. “Maybe this is a lesson that we need to wake up and see what’s been right and wrong with our minds.”

For full article: http://features.csmonitor.com/economyrebuild/2009/01/21/global-financial-crisis-overwhelms-tiny-iceland/

No comments:

Post a Comment