This was the first country to become bankrupt by the international bankers withdrawal of credit from the marketplace through their Private Icelandic Central Bank. What happens here will be a prelude to what other countries will be facing soon enough
One thing about the Icelanders I salute is that they had the balls to pen the police into their station to force them to give up someone unduly arrested. I wonder will people in Britain or the US have the stuff to do that or have they been too conditioned to obey and let people be taken ilegally and do nothing to help.
This was ITNs take on it
Violent clashes in Iceland
3 hours 45 mins ago
Thousands of Icelanders have demonstrated in Reykjavik demanding the resignation of Prime Minister Geir Haarde and Central Bank Governor David Oddsson for failing to stop a financial meltdown in the country.
It was the latest in a series of protests in the capital since the financial meltdown that crippled the island’s economy
Iceland’s three biggest banks – Kaupthing, Landsbanki and Glitnir – collapsed under the weight of billions of pounds of debts accumulated in an aggressive overseas expansion, shattering the currency and forcing Iceland to seek aid from the International Monetary Fund (IMF).
This week, the North Atlantic island nation of 320,000 secured a package of more than £7 billion in loans from the IMF and several European countries to help it rebuild its shattered financial system.
Despite the loans, Iceland faces a sharp economic contraction and surging unemployment while many Icelanders also risk losing their homes and life savings
Opposition parties tabled a no-confidence motion in the government on Friday over its handling of the crisis, but the motion carries little chance of toppling the ruling coalition which has a solid parliamentary majority
This was ICENEWS’s background to the police station incident
The now regular Saturday protests in front of the Icelandic parliament in Reykjavik went ahead today as planned, but a follow-up demonstration outside the police headquarters ended in violence.
During the busy parliament protests, the famous statue of Jonas Sigurdsson was dressed in women’s clothing to remind people of the role of the female half of the population and how they should take a leading role in rebuilding the Icelandic economy.
After the rally, some 200 to 300 people took part in a different protest at the main police station to demand the release of Haukur Himarsson, who had been arrested last night when police found out he was the person to fly the Bonus supermarket flag from the top of parliament two weeks ago.
After officers in full riot gear used pepper spray to try to disperse the crowds, police eventually released Hilmarsson and the crowd dissipated. It is still not known whether or not the police charged Hilmarsson before his release, however.
Hilmarsson was arrested last night after an educational research trip to the Althingi parliament house. He has a suspended 14 days remaining of an 18-day prison sentence he received in 2005 for protests with the Saving Iceland environmental pressure groupceland environmental pressure group
This may all look silly but the man was held in custody for hanging a supermarket flag on the parliament to show what a joke they are, meanwhile the country had been sold out from under the people by the bank and the government