As if the herring blight weren’t bad enough, “Iceland’s Government Could Topple”headlines the AP today.
The poor little island. First, its banks collapsed, then its curency, then its No. 1 industry… then the rest of its little economy. Now the rats are leaping overboard as the whole ship starts to sink. Iceland’s prime minister and commerce minister resigned over the last few days.
“The anger and distrust of the public is too deep for me to be able to regain their trust," commerce man Bjorgvin Sigurdsson said, trying to take the noble route. He quit… effective immediately. Prime Minister Geir Haarde announced this morning he plans to dissolve the government and then resign.
That’s the Icelandic parliament in the background.
Well, at least, this kind of thing could never happen in the U.S.