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Iceland 2009: “que se vayan todos”?

Manuel Alvarez-Rivera (January 26th, 2009) Writes:
by Manuel Alvarez-Rivera, Puerto Ricobr /br /Just two years after holding a A HREF="http://globaleconomydoesmatter.blogspot.com/2007/05/iceland-2007-parliamentary-election.html"parliamentary election/A, voters in Iceland are likely to return to the polls next May 9 for an early general election. Normally, the poll would not need to be held until 2011, but these are anything but normal times in the Nordic island nation, whose economy has been devastated by the ongoing global financial crisis.br /br /With all of Iceland's three major banks under receivership since October; the national currency (the krona) having lost over half its value and the stock market over 90 percent of its value; inflation and unemployment on the rise; and the GDP expected to contract by ten percent this year, public discontent over the perceived mismanagement of the economy by the coalition government of Iceland's two major parties - the conservative Independence Party and the left-of-center Social Democratic Alliance - has fueled mounting ...

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