Manon's Econ Blog

Eruption of the Eyjafjallajokull Volcano: an economic threat to all Europe

Posted on: April 18, 2010

Since March the 20th, the Eyjafjallajokull Volcano in Iceland has been erupting, but it has gotten much worse since last week, creating a cloud of ash that it spreading all over Europe, and it does not seem to get better. It actually seems to get worse and worse. This is a real problem for the economy since no planes are allowed to fly in Europe. Thousands of people are trapped in airports, hoping for a change in the wind so that it could push the ash cloud out of Europe. For now, it is costing “more than £1 billion” to European airlines, but it is not the end. Plane flights are canceled in 23 European countries till at least Monday.

This situation is not the worse for the people who have been told to postpone their vacations, but for the people who are in other countries and unable to get back. Thousands of people have to sleep in airports, with no where else to go, and in some cases no money to go to the hotel. Flights could be canceled till mid-week, with no promises of an amelioration after that.

BBC News Article

CNN News Article

1 Response to "Eruption of the Eyjafjallajokull Volcano: an economic threat to all Europe"

Hi, Manon. I also read an article about this eruption. I knew that it would affect the European countries’ economies, but more than £1 billion is just a lot more than I expected. I wonder what the economies will do to make the financial situation better. Nice post!

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