Monday, January 26, 2009

Iceland's Government Collapses!

Huzzah! The ruling Independent Party in Iceland has been forced to resign by massive protests in response to the country's economic devastation. The Social Democratic Alliance, which had been a minority partner in the government, looks poised to win the early elections scheduled for May 9th.

There are also massive protests in Eastern Europe, where many countries face the same kind of debt trap more commonly associated with the Global South. All this coming in the wake of the continent-wide protests over Israel's assault on Gaza. Which came after the "Greek Intifada." Just a few months ago the victory of the fascists in Italy and the routing of the Left in the London mayoral elections had many convinced that continent was on a rightwards drift. Things are looking up.