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The Iceland government has been warning europe for some time to prepare for the eventual eruption of Katla volcano under the Myrdalsjokull icecap.
The coming eruption looms ever closer. We'll find out soon if anyone in Europe has been listening.
Caution: This is just one day....it could go on like this for some time.
Remember the onsite Geologists are the only ones who are really qualified to give opinions.
UPDATE: July 18 There was a flood on the 9th July 2011after a harmonic tremor.