Since the start of the Eyjafjallajökull eruption there has been much speculation about an eruption of its larger neighbour, Katla. In a report published today, experts from the newly formed UCL Institute for Risk and Disaster Reduction warn that with the high frequency of eruptions of Katla, an eruption in the short term is a strong possibility. The authors warn that an eruption of Katla is likely to be preceded by new earthquake activity - volcanic activity at the site has increased by over 200% in recent days.
http://www.clickgreen.org.uk/news/international-news/121358-stark-forecast-as-icelands-larger-volcano-shows-increased-sign-of-life.html