'Pirates'-led alliance wins majority in Iceland's snap vote: Exit poll

Iceland's Pirate Party-led alliance has narrowly won a parliamentary majority in a snap election prompted by the Panama Papers tax-dodging scandal in April, according to a TV exit poll.

In the latest in a global movement against mainstream politics, the "Pirates" on Saturday became the second largest party with 12 members in the 63-seat parliament, according to the RUV state television predictions.

Founded by activists in 2012, the Pirates were set, for the first time, to form a coalition with three other leftist and centrist opposition parties, including the Left-Greens, the Social Democrats and the Bright Future Movement.

The alliance claimed a total of 32 seats in the Icelandic parliament, Althingi, with the Left-Green movement winning 11 seats, the Social Democrats garnering five and centrist Bright Movement with four seats, according to RUV.

The election was triggered after former prime minister Sigmundur David Gunnlaugsson resigned in April, the first major public figure to fall from grace over the Panama Papers, which revealed that 600 Icelanders including cabinet ministers, bankers and business leaders had holdings stashed away in tax havens.

The outgoing centre-right coalition of the Independence Party and the Progress Party, which governed the island nation from 2013 up until now, only gained 25 seats, according to RUV.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel