Econo-riots rock Iceland

Icelandic protesters clashed with police in Reykjavik Nov. 23 during a demonstration against the government’s handling of the country’s severe financial crisis. Several hundred gathered outside the city’s main police station to demand the release of a man arrested in a previous protest. Five were injured when police used pepper spray to disperse the group after some tried to storm the building.

Over the past year Iceland’s currency, the krona, has fallen by 50% as the country nationalized its three biggest banks to prevent their collapse. It has also received emergency loans from the International Monetary Fund (IMF). The UK used anti-terrorism laws to freeze money deposited by British savers in Icelandic banks. (, BBC News, Nov. 23)

See our last post on the econocataclysm.