Iceland votes for second time in turbulent year as economy booms …

REYKJAVIK: Iceland on Saturday holds its second snap election in just a year after a slew of scandals ensnaring its politicians in a nation whose economy is thriving thanks to tourism.

Prime Minister Bjarni Benediktsson of the conservative Independence Party called the vote last month after a junior member of the three-party centre-right coalition quit the government over a legal scandal involving the prime minister’s father.

Saturday’s vote will be the fourth time Iceland has held legislative elections since its 2008 financial crisis, when its three major banks collapsed and the country teetered on the verge of bankruptcy.

But it has made a spectacular recovery and is basking in good times now, with robust growth of 7.2 per cent in 2016 and unemployment at an enviable 2.5 per cent.

The latest opinion polls put the prime minister’s Independence Party neck-and-neck with its main rival the Left-Green Movement, each credited with around 20-25 per cent

... read more at: http://www.channelnewsasia.com/news/world/iceland-votes-for-second-time-in-turbulent-year-as-economy-booms-9341764

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