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...announcement came after three months of public protests over the government's role in the economic meltdown last October. On Jan. 20, as much of the world was glued to President Obama's inauguration, a mob of riotous protesters pounded on the walls of Iceland's parliament building, denouncing the government for its incompetence. "It was heartbreaking to watch America welcome a leader who they actually revere and place all their hope in, while here we are literally banging down the government's door to get them to listen to us," says Erla Bjarnadóttir, 32, an unemployed office...

Author: /time Magazine | Title: Global Financial Crisis Claims Iceland | 1/26/2009 | See Source »

...Last week's riot, which involved more than 2000 demonstrators who broke windows, banged on pans and drums and hurled eggs and skyr, a kind of Icelandic yogurt, at parliament and at riot police, seems to have shaken Icelandic politicians. Two days after a throng of angry protesters beset his official car on Jan. 21, Prime Minister Haarde called a press conference to reveal that doctors had found a malignant tumor in this throat and that he would step down. In an unexpected move, Haarde called for an election in May, only days after firmly and repeatedly denying the possibility...

Author: /time Magazine | Title: Global Financial Crisis Claims Iceland | 1/26/2009 | See Source »

...past. The President's team is counting on the goodwill generated by Obama's election to break down some European resistance. But, says Padmanabhan, "if you're Germany, the real reason you don't want to take Gitmo detainees is not that you hate Bush but that your own parliament and people don't want these guys running around on your soil...

Author: /time Magazine | Title: Obama Orders Gitmo Closed. Now the Hard Part | 1/22/2009 | See Source »

...Lithuania BALTIC RIOTS Just days after clashes in the Latvian capital Riga, unrest triggered by mounting economic woes spread to neighboring Lithuania, where protesters in Vilnius hurled eggs and rocks through the windows of the Parliament building (above). After enjoying years of rapid growth, the two former Soviet republics have been pummeled by the global financial crisis; Latvia has experienced the sharpest economic reversal among E.U. nations. Discord over controversial reforms has imperiled their governments, with members of Latvia's ruling coalition calling for early elections...

Author: /time Magazine | Title: The World | 1/21/2009 | See Source »

...Merkel to act quickly to counter the growing economic and financial crisis. The grand coalition of CDU/CSU and SPD unites the biggest parties in the center and the left of the political spectrum and has until now wielded sufficient power to pass laws in the lower house of parliament and then rubber stamp them in the upper house, which represents the 16 federal states. But after Hesse, that cozy system is history...

Author: /time Magazine | Title: Merkel Scores Big Win in Regional Election | 1/19/2009 | See Source »

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