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Iceland Prepares For Election Amid Economic Challenges And Political Fractures

A view of Tjörnin, the city pond completely frozen, with the city hall at left, and downtown Reykjavik in the background, Friday, Nov. 29, 2024. (AP Photo Marco Di Marco)

Icelanders are gearing up to elect a new parliament following the dissolution of Prime Minister Bjarni Benediktsson's coalition government. The upcoming election, the sixth since the 2008 financial crisis, is marked by disagreements over immigration, energy policy, and the economy.

The political landscape in Iceland has been characterized by instability, with support for the governing parties plummeting. The outgoing coalition, comprising the conservative Independence Party, the centrist Progressive Party, and the Left-Green Movement, struggled to maintain unity.

Iceland, known for its democratic traditions, is set to hold an election where voters will select 63 members of the Althingi through a combination of regional constituencies and proportional representation. Turnout in previous elections has been high, with 80% of registered voters participating.

The decision to hold early elections was prompted by the inability of the coalition to address pressing issues. The aftermath of the 2008 financial crisis reshaped Iceland's political landscape, leading to the emergence of new parties and a fractured political environment.

Political landscape marked by instability and declining support for governing parties.
Iceland to elect new parliament after government dissolution.
Election to feature 63 members of the Althingi through regional constituencies and proportional representation.
Early elections called due to coalition's inability to address pressing issues.
Key election issues include cost of living, immigration challenges, and impacts of COVID-19 and Russia's invasion of Ukraine.
Volcano eruption in Iceland exacerbates housing shortages and social tensions.
Government criticized for response to housing crisis amid tourism boom.

Key issues in the election include the rising cost of living, immigration challenges, and the impact of the COVID-19 pandemic and Russia's invasion of Ukraine on inflation. Iceland is also grappling with accommodating a growing number of asylum-seekers, adding to social tensions.

The eruption of a volcano in southwestern Iceland has further strained resources, displacing thousands and exacerbating housing shortages. The government's response to the housing crisis has faced criticism, particularly in light of the tourism boom affecting housing availability for locals.

As Icelanders prepare to cast their votes, the outcome of the election remains uncertain, with the country navigating a complex political landscape shaped by economic challenges and social issues.

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