Tuesday, January 27, 2009

Iceland First To Fall In Credit Crunch

Iceland's Senior Minister Resigns...

Iceland's Minister of Commerce Bjorgvin Sigurdsson has resigned, two days after the prime minister announced his own departure due to pressures from the island nation's economic collapse.Mr Sigurdsson, a member of Iceland's junior Social Democrat coalition party, made the announcment at a news conference this morning.I have decided to do this to take responsibility,' he said. Prime Minister Geir Haarde shocked the country on Friday when he said he would not seek re-election and called for a general election on May 9.

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