Meltdown: Paying the price

As the toll of the financial crisis continues to mount, many are looking for its true causes - and finding a crime.

Last updated: 18 Jul 2014 13:02
Email Article
Print Article
Share article
Send Feedback

The years since the 2008 collapse have been marked by demonstrations around the world, owing to the loss of an estimated 30 million jobs.

In many places there were violent street protests. Some were easily weathered by governments and large corporations. But in other countries the struggle went much further and left a lasting mark.

In the third episode of Meltdown, we look at the aftermath of the financial crash, as job losses amounted across the globe and some of the victims started to fight back.

In Iceland, a protesting singer, Hordur Torfason, led the way in holding demonstrations over his country's economy, calling for the resignation of the government and new elections.

Geir Haarde, the prime minister of Iceland, was surrounded and pelted by the protesters. Haarde soon resigned and the country's government collapsed.

Meanwhile, in France, workers fought back to claim their rights.

The Continental Tire factory announced its plant would close by 2010, meaning job losses for its 1,120 employees. Workers occupied offices and trashed the place in protest. Protests spread right across France and Europe.

As the grim toll of the financial crisis continued to mount around the world, many governments looked for the true causes of the meltdown. In many cases, what they discovered amounts to a crime.

Meltdown is a four-part series on the secret history of the global financial collapse.                       

More Meltdown


Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Absenteeism among doctors at government hospitals is rife, prompting innovative efforts to ensure they turn up for work.
Marginalised and jobless, desperate young men in Nairobi slums provide fertile ground for al-Shabab.
The Khmer Rouge tribunal is set to hear genocide charges for targeting ethnic Vietnamese and Cham Muslims.
'I'm dying anyway, one piece at a time' said Steve Fobister, who suffers from disabilities caused by mercury poisoning.
The world's newest professional sport comes from an unlikely source: video games.
join our mailing list