Rioting In Iceland?

[Me.]

Someone just called and said it was so. Can't get to e television so I'm wondering if they're pulling my leg.

[charlie]

1. Been going on for a couple of days

Maybe it's getting worse. People want their government's head on a pike, and when your gov't is as close and small as a city council, you stand a good chance of getting what you want.

[charlie]

6. Footage from 2 days ago

http://www.youtube.com/watch?v=EkHOM96wiA4

http://www.youtube.com/watch?v=SKrL9al4ovg

http://www.youtube.com/watch?v=CdhrRy5GMP8

[apnu]

2. All I got, so far, are these links

http://www.mahalo.com/Iceland_Riots

http://www.inthenews.co.uk/news/world/autocodes/countries/iceland/iceland-protesters-clash-with-police-$1250633.htm

http://news.bbc.co.uk/2/hi/europe/7744355.stm

(edited to add more links)

[leftstreet]

3. From Sunday news...

http://news.bbc.co.uk/2/hi/europe/7744355.stm

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.

[tama]

9. It was much worse

Krona didn't just lose half its value. It ceased to be accepted as international currency - forex bureaus stopped buying and selling it.

As consequence, Iceland could not import goods. The stores ran out of macaroni and other imported stuff in days.

USD could be next.

[crispini]

4. A couple of links

http://www.iht.com/articles/2008/11/23/europe/iceland.php

http://www.france24.com/en/20081123-protests-geir-haarde-resignation-financial-crisis-iceland

[JVS]

5. video

http://www.youtube.com/watch?v=EkHOM96wiA4

[ORDagnabbit]

7. remember it cant happen here...we're to big to fail. :)

www.moneyasdebt.net

[Veritas_et_Aequitas]

8. Are you sure he didn't mean Thailand?

[NNN0LHI]

10. Them too

[Me.]

11. Well That's What I Thought At First

Looks like he was ahead of me on this

[Me.]

12. Thanks All

If I was any other government in the world this would give me pause. The firdt domino? Can/will it happen here>

[charlie]

13. Switzerland next

Their teetering banks have the highest leverage vs GDP ratios, worse than Iceland.