The Conservative Cave
Current Events => Breaking News => Topic started by: BlueStateSaint on January 25, 2009, 10:11:36 AM
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I had to truncate the headline. But, the first domino fell--and in Iceland, of all places.
Iceland's senior minister resigns as government becomes first global political casualty of the credit crunch
By Graham Smith
Last updated at 12:25 PM on 25th January 2009
Iceland's Minister of Commerce Bjorgvin Sigurdsson has resigned, two days after the prime minister announced his own departure due to pressures from the island nation's economic collapse.
Mr Sigurdsson, a member of Iceland's junior Social Democrat coalition party, made the announcment at a news conference this morning.
'I have decided to do this to take responsibility,' he said.
Prime Minister Geir Haarde shocked the country on Friday when he said he would not seek re-election and called for a general election on May 9.
The government of Iceland became the first in the world to be effectively brought down by the credit crunch.
The next paragraph is a telling one--because the Icelanders have been peaceful people. Thing is, you have to go to the link to read it . . .
http://www.dailymail.co.uk/news/worldnews/article-1126682/Icelands-senior-minister-resigns-government-global-political-casualty-credit-crunch.html