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Iceland's government topples amid financial mess

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  • Greg Cannon
    http://news.yahoo.com/s/ap/20090126/ap_on_bi_ge/eu_iceland_crisis Iceland s government topples amid financial mess David Stringer, Associated Press Writer –
    Message 1 of 1 , Jan 26, 2009
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      http://news.yahoo.com/s/ap/20090126/ap_on_bi_ge/eu_iceland_crisis

      Iceland's government topples amid financial mess
      David Stringer, Associated Press Writer – 1 hr 57 mins ago AP –

      REYKJAVIK, Iceland – Iceland's coalition government collapsed Monday, leaving the island nation in political turmoil amid a financial crisis that has pummeled its economy and required an international bailout to keep the country afloat.

      Prime Minister Geir Haarde said he was unwilling to meet demands from his coalition partners in the Social Democratic Alliance Party, which insisted upon the post of prime minister in order to keep the coalition intact.

      Haarde, who has been prime minister since 2006, said he would officially inform the country's president later Monday that the government had collapsed.

      Foreign Minister Ingibjorg Gisladottir, who heads the Social Democrats, is expected to start talks immediately with opposition parties in an attempt to form a new government. That government would sit until new elections are held, likely in May.

      Haarde had previously said he wouldn't lead his Independence Party into new elections, because he has cancer.
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