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The other Volcanic eruption of Iceland

Saturday, 1 May 2010


Nehal Adil
The volcanic eruption in Iceland disrupted the transatlantic communication for nearly a week. Despite the enormous economic loss its military implication could not be ignored. Air Force 1, the world's most formidable aircraft, the personal plane of US President which is meant to survive a nuclear attack could not dare to take off cancelling President Obama's programme in Poland. According to International Herald Tribune, military supply to Iraq and Afghanistan was disrupted.
If an ordinary volcanic eruption could do it, what could happen in the case of a nuclear conflagration.
Europe has started thinking anew about its defence reliance across the Atlantic, specially at the end of the cold war.
But the Icelandic debt crisis accompanied by that of Greece has created another volcanic reuption. Iceland after a mass uprising is now ruled by a leftist coalition. In a referendum, the Icelandic voters have rejected their debt repayment. This affects grossly the Dutch and British banks.
Germany alone does not want to carry Europe's burden. It has paid heavily for Europe's reunification and the Americans have harvested it as cold war victory.
Despite the cold war's end, American troops and missiles are still on its soil, giving the young Germans the impression that their country is still America-occupied sixty-five years after the war. A similiar psychological trauma faces Japan and Italy.
How could these countries come up to save Iceland and Greece?
Iceland's default on its debt is more dangerrous than that of its volcanic eruption. This is another volcanic eruption worth of billions of dollars.
As the volcanic cloud settles down, Europe looks forward to solve the second Icelandic volcanic eruption, it's debt problem.