Saturday, 24 January 2009
Iceland PM is first global political casualty of the crunch
Prime Minister resigns after week of violent protest
By Sophie Morris in Reykjavik, The Independent
Saturday, 24 January 2009
Iceland's embattled Prime Minister Geir Haarde may have become the first political casualty of the global credit crisis, announcing his resignation yesterday, and clearing the way for elections in May. Illness was the official reason for Mr Haarde's decision to quit, but few in the capital Reykjavik were in any doubt that his departure was linked to a week of intense and violent public protests at once prosperous Iceland's economic implosion.
By Sophie Morris in Reykjavik, The Independent
Saturday, 24 January 2009
Iceland's embattled Prime Minister Geir Haarde may have become the first political casualty of the global credit crisis, announcing his resignation yesterday, and clearing the way for elections in May. Illness was the official reason for Mr Haarde's decision to quit, but few in the capital Reykjavik were in any doubt that his departure was linked to a week of intense and violent public protests at once prosperous Iceland's economic implosion.
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