A crisis continues in Iceland | SocialistWorker.org - 0 views
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Unemployment is at 6 percent, the krona is only worth 50 percent of its pre-crisis value, and household debt is at 130 percent of GDP. To add insult to injury, while ordinary people suffer the effects of runaway banking, the current government has decided to move forward with the ousted former government's plan to pay off some bogus foreign debts.
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SUPPORT FOR the parties entrusted with the people's welfare is half what it was two years ago, and it's no surprise. After overthrowing the government that ushered in the crisis, voting against the debt repayments on two separate occasions, and electing a government that promised to "work with the people," Icelanders have been betrayed.