Last week the worst economic recession in at least 30 years claimed its first political victim in Europe when on Monday Iceland’s beleaguered prime minister Geir Haarde tendered his resignation following weeks of street protests. The collapse of the country’s banking system, which has shredded the value of the krona, driven interest rates to 18 per cent and unemployment to 8 per cent, put paid to his Conservative-led coalition.
By Thursday one million workers were protesting on the streets of Paris, angry that they are losing their jobs while bankers are being bailed out. “I’m tired and frozen after waiting half an hour on the platform,” commuter Sandrine Dermont said. “But I’m prepared to accept that when it’s a movement to defend our spending power and jobs. I’ll join the street protests during my lunch break.” More...
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