REUTERS - Iceland's ruling coalition collapsed on Monday under pressure from sometimes violent demonstrations, the first government to fall as a direct result of the global economic crisis.
Jubilant protesters honked horns and banged pots and pans outside Iceland's Althing parliament after the news the government had fallen. It was not immediately clear who might be able to form a new administration or how quickly.
Prime Minister Geir Haarde handed in his resignation to President Olafur Ragnar Grimsson after talks to save his government failed. Grimsson said he was unlikely to give any party a mandate to form a new government until Tuesday.
Full Article with video - http://www.france24.com/en/20090126-pm-resigns-amid-financial-crisis-iceland-government-elections
Posted by Ryan Johnson
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