Things are worse in Iceland than I knew: Iceland Is Burning
"We are calling on the world to help us get rid of this corrupt government," Sturla Jonsson, one of protesters said in a midnight phone call from downtown Reykjavik where a crowd of about 2,000 still surrounded the Althingi House, in front of which a bonfire continued to burn. The protesters pounded drums and other instruments, shouted slogans against the government and parliament and threw eggs and food items, even old shoes at the house of parliament. The protest was nowhere close to slowing down despite it being close to midnight. The parliament postponed meeting until tomorrow afternoon, but protesters, whom police fought all day with teargas, pepperspray, and clubs, vowed to stay downtown all night, "and as long as we have to" Jonsson said. "And I want to tell you that the people gathered here are not "activists" or "militants," he added, "they are just ordinary adults of all ages."
One year ago, Iceland was named the most desirable country in the world. Today, its economy has been devastated by the catastrophic collapse of its three largest banks. Unemployment rose 45% between November and December, and a recent survey indicated that 40% of households and 70% of businesses were technically bankrupt. Since the fall of the banks in October, there have been no resignations from the government, the boards of the now nationalized banks have remained substantially the same, and weekly gatherings calling for new elections have been ignored.
I have a hard time wrapping my brain around those bankruptcy figures....