Tuesday, January 27, 2009

Iceland's government suffer from economic crisis

Icelandic coalition government Monday, and that their economy is a necessary survival Pummeled a political crisis between the turmoil in the island nation's collapse. Prime Minister Geir Haarde its allies to meet unenthusiastic worry that the Social Democratic party coalition, the coalition to maintain the post of prime minister insisted on it. "I believe that we continue with the coalition can not regret, I believe that faith is the best result," HÃ¥rde told reporters.

Ingibjorg Gisladottir foreign minister, leader of the Alliance, the opposition parties immediately with a trial, until a new election is held by the State to create a new government to begin negotiations in hopes. Gisladottir as the leader of Iceland Monday that in exchange for Haarde, Minister for Social Affairs Johanna Sigurdardóttir proposal did not - a member of NATO - rather than words.
The coalition of the party Central Bank of Norway's central David Oddsson, Iceland former prime minister demanded that the expulsion of the Constitution of Iceland and the changing requirements of the EU to become a full member to allow. Iceland on the accumulated debt crisis years of expansion under the weight of the country since the fall of banks have crashed. Inflation and unemployment rose and the currency fell Crown.
Haard nationalization of banks the government has been the International Monetary Fund and the countries of nearly $ 10 billion in loan negotiations. In addition, a draft law on the Island to run the billions of dollars that the European subsidiaries of collapsed Icelandic bank accounts to pay thousands of faces. Commerce Minister of India, Bjorgvin Sigurdsson, Sunday, after the pressure of economic collapse.
"We know that government is gone, but now central to the Financial of cleaning needs are glad," objection Svginn Rumar Hauksson a demonstration outside Parliament on Monday said. Until this is actually things change "This conflict will continue.

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