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Protests greet Iceland's parliament reopening

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Protests greet Iceland's parliament reopening


Eggs, flour and tomatoes – a messy and colourful combination of ingredients met Iceland’s cabinet as they gathered to mark the reopening of parliament.

As the country struggles to recover from the financial crisis, anger is spreading over a growing number of properties being expropriated to pay off Iceland’s huge debts.

Iceland’s three main banks collapsed in late 2008 after a decade of overseas expansion, sending the economy into a tailspin and investors running.

Since then, around a thousand houses have been put up for sale, and the government’s critics say thousands more could go the same way, leaving many people homeless.

The country remains in deep recession and cut off from overseas capital markets while it tries to recover from the banking crisis with help from the International Monetary Fund and its Nordic neighbours.

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