Iceland's scandal-hit PM wins re-election

Image
AFP Reykjavik (Iceland)
Last Updated : Oct 29 2017 | 9:42 PM IST
Iceland's conservative prime minister won a snap election despite a string of scandals, final results confirmed today, but it remained unclear whether he could form a viable coalition.
Bjarni Benediktsson, 47, was accused named last year in the "Panama Papers" worldwide tax-evasion leaks. He has also been accused of wrongdoing during Iceland's financial collapse in 2008.
Nevertheless his Independence Party beat its rivals in Saturday's election, according to final results published on Sunday.
It won 16 seats in the 63-seat parliament. Turnout was 81 percent.
No party won a majority. It could take months before Iceland has a new government in place as thorny coalition negotiations await.
Benediktsson fended off a challenge from the Left Green Movement and its potential allies, the Social Democratic Alliance and the anti-establishment Pirate Party.
The Left-Green Movement came in second with 11 seats, the Social Democratic Alliance with seven seats, and the Pirates with six seats.
Under the Icelandic system, the president tasks the leader of the biggest party with forming a government.
"I am optimistic that we can form a government," Benediktsson told AFP after early results on Saturday showed him in the lead.
The prime minister called the snap election in response to various allegations of wrongdoing, which he denied.
The Independence Party lost five seats in parliament, according to Sunday's results.
But it still came out on top -- apparently helped by Iceland's thriving economy, fuelled by a flourishing tourism sector.
The party has been involved in almost every government in Iceland since 1980.
But growing public distrust of the elite has spawned several anti-establishment parties.
They have splintered the political landscape and made it increasingly difficult to form a stable government.
Eight parties won seats in parliament.
Benediktsson's main rival, the Left-Green Movement won fewer votes than expected.
It will need at least five allies to form a 32-seat majority to dethrone the conservatives.
If it managed to do so, it would form only the second left-leaning government in Iceland since the country's proclamation as a republic in 1944.
"I'm worried that we may have to face up to the likelihood of long, drawn-out discussions and attempts to form a government," Arnar Thor Jonsson, a law professor at Reykjavik University, told AFP.
Negotiations to form a coalition after the October 2016 election took three months.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 29 2017 | 9:42 PM IST

Next Story