9 Jul 10 - Fourteen earthquakes have occurred below Iceland's Mýrdalsjökull glacier during the past 48 hours - one within the last 4 hours. Katla Volcano lies beneath the Mýrdalsjökull glacier. Katla Volcano usually erupts every century, says Iceland's President Olafur Grimsson. and the last eruption was in 1918. "The time for Katla to erupt is coming close." "I don't say if, but I say when Katla will erupt," Grimsson says. "We have been waiting for that eruption for several years." "It can create, for a long period, extraordinary damage to modern advanced society."