Government of Iceland toppled as street protestors launch “Saucepan Revolution” - first ruling political casualty of credit crisis
Jan 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Iceland’s Prime Minister, Geir H. Haarde, on Monday announced the resignation of the coalition government of the Independence Party and the Social Democratic Alliance following a campaign by street protestors who are angry about the economic meltdown. Thousands of Icelanders had taken to the streets, protesting against the government's handling of the economy, clattering pots and kitchen utensils in what some commentators dubbed the "Saucepan Revolution." Police had used tear gas last Thursday, to quell a protest for the first time since 1949.