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Iceland braces for volcanic eruption
(www.theguardian.com)
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Depends on the size of the eruption. We have seen anything from local disturbances to European and some intercontinental air traffic being disrupted for more than a week because of giant clouds of ash in the past.
Going by what experts expect this time, it will probaby not have much impact beyond Iceland but unlike in the last few years the location includes populated areas this time so at least some evacuation of people living there is going on.