Mise on 18 April 2010
The big problem with this is the length of how long this may continue. The last time this volcano erupted, it lasted for roughly 2 years. Although I doubt that air travel would be hampered for so long under such an eruption, there may be economic damage to Europe if it persists too long, I'd imagine.
Eyja isn't even the biggest issue here IMO.
Eyjafjallajökull has another volcano nearby, Katla, that's not only a larger volcano system, but a lot more active AND for the last three times Eyja has erupted, Katja has erupted quickly afterwars. With a little crappy luck and Sod's Law, we might be getting two eruptions in a row, with not only a lot bigger ash coverage, but Iceland will also get massive floods as well.
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