Iceland's Social Democrats asked to form new govt


REYKJAVIK (Reuters) - Iceland's president called on the Social Democratic Alliance on Tuesday to form a new government with the backing of opposition parties to lead the island nation through a financial meltdown.

In the face of mounting public anger over a financial crisis that has devastated Iceland's economy, former prime minister Geir Haarde resigned on Monday after his Independence Party's coalition with the Social Democrats collapsed.

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