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Thousands demonstrate outside Iceland's parliament

Thousands demonstrate outside Iceland's parliament
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As parliament met in Iceland, thousands of people turned up outside to show just how angry they are about the financial black hole the country is struggling to escape from.

The protest was aimed at disrupting Prime Minister Johanna Sigurdardottir’s first speech to this session’s assembly.

Many think the government did not do enough in the wake of the banking collapse in 2008.

“We have to show the government how we are feeling because the Icelandic people are bleeding, our homes are going up in flames, soon we will have nothing.” said one woman.

“I am demonstrating against the situation our society is in, unemployment and the total ineptitude of our politicians.” was the opinion of a police officer, even though he was in uniform and on duty.

The police also showed up, dressed in riot gear – but by midnight the demonstration was losing momentum.

The average Icelander lost 20 percent of his income last year, while unemployment stood at more than seven percent in August. Homeowners brandished the keys of their houses threatened with repossession – property prices in Iceland have slumped by 34 percent since October 2007.