Iceland: Ruling conservatives emerge weakened after vote

Source: Bloomberg

“Iceland faces politically tumultuous times after the conservative ruling party was weakened in a snap vote, with a potential center-left majority emerging after the nation’s third election in four years. The Independence Party won 25.3 percent of the vote, down from 29 percent last year. Its closest challenger, the Left Green Movement, rose to 16.9 percent, and could potentially helm a multi-party coalition. Former Prime Minister David Sigmundur Gunnlaugsson, forced out last year by yogurt hurling protesters after his name was found in the Panama Papers, reemerged as a big winner, getting 10.9 percent with his newly formed Center Party.” (10/29/17)