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Bloomberg Quicktake: Now published this video item, entitled “Iceland’s Fagradalsfjall Volcano Erupts for First Time in 700+ Years” – below is their description.
Hundreds headed to witness the eruption of Iceland’s Fagradalsfjall volcano in Geldingadalur, near the capital of Reykjavik. It is the first eruption on the peninsula in almost 800 years. No injuries have been reported.
It began on the evening of March 19, after more than 50,000 earthquakes were recorded in the past three weeks.
“This is very exciting for us because we have been here since, for a bit more than two weeks. So we came really in the Reykjanes to analyze the formation here. We can get the ground cracks and so on, triggered by magma intrusion but also the tectonic activity. For us this is just amazing. It is really interesting to see that,” says Joel Ruch, a professor at the University of Geneva.
Hundreds have walked 8 kilometers to get to the volcano but a number had trouble returning to the road afterwards.
“I think we’ve travelled for about three hours,” says Egill Orn who has made it to the volcano.
“I don’t even know what time it is,” says his companion Margret Yr
More than 100 rescue personnel helped travellers get safely back to their cars last night as bad weather hit the area.
The eruption site has now been closed to the public because of bad weather.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Iceland
Iceland is a Nordic island country in the North Atlantic Ocean, with a population of 356,991 and an area of 103,000 km2 (40,000 sq mi), making it the most sparsely populated country in Europe. The capital and largest city is Reykjavík. Iceland is volcanically and geologically active. The interior consists of a plateau characterised by sand and lava fields, mountains, and glaciers, and many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a high latitude just outside the Arctic Circle.
Iceland’ gained independence in 1918 and founded a republic in 1944. Although its parliament (Althing) was suspended from 1799 to 1845, the island republic has been credited with sustaining the world’s oldest and longest-running parliament.
Hit hard by the worldwide financial crisis, the nation’s entire banking system systemically failed in October 2008, leading to an economic crisis and the collapse of the country’s three largest banks. By 2014, the Icelandic economy had made a significant recovery, in large part due to a surge in tourism.
Iceland has the smallest population of any NATO member and is the only one with no standing army, with a lightly armed coast guard.