Angry over finance crisis, Icelanders throw produce


19:29, November 15th 2008
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Reykjavik - Around 6,000 Icelanders protested over the financial crisis Saturday by throwing eggs, tomatoes and toilet paper during a demonstration at the country's parliament, police reported.

The number of people to show up for one protest was unusual for Iceland, which has a total population of 320,000.

Speakers at the demonstration called for the resignation of Prime Minister Geir Haarde and for early elections.

Iceland stands at the brink of bankruptcy after the country's three largest banks collapsed in the fallout from the world financial crisis.

The country's citizens now have to deal with an inflation rate of 15 per cent, a prime interest rate of 18 per cent and drastically increased unemployment.

The trigger for the crisis was years of aggressive international expansion by domestic banks using risky credit.

State finances have only been guaranteed through aid from abroad, including assistance from the International Monetary Fund.



© 2007 - 2009 - DPA/eFluxMedia
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