Frostadottir Becomes Iceland's Youngest Prime Minister

Iceland's Social Democratic Alliance, led by Prime Minister Kristrun Frostadottir, has formed a new government with the Liberal Reform Party and the People's Party following their victory in the November elections. The coalition marks a historic moment with all governing party leaders being women, and Frostadottir becoming Iceland’s youngest prime minister at 36. The new government aims to stabilize the economy by reducing inflation and interest rates, with plans for a referendum on EU membership talks by 2027. Housing security, poverty alleviation, and budget restraint are among their priorities, as they seek stricter controls on public finances and increased value creation. The coalition was formed after the previous government, led by the Independence Party, collapsed primarily due to disagreements on immigration and asylum policies. The Social Democrats secured the most parliamentary seats, gaining a strong mandate to lead these initiatives.