Iceland's ruling parties meet, future uncertain

[Joanne98]

Source: Reuters


REYKJAVIK, Jan 26 (Reuters) - Iceland's two ruling coalition partners plan to meet separately on Monday to try to agree on terms to keep the government intact until an early May election.

The global financial crisis hit Iceland in October, ending a decade of rising prosperity in a matter of days by triggering a collapse in the currency and financial system.

Prime Minister Geir Haarde told the country on Friday he would not seek re-election because he has cancer, and proposed an early parliamentary election on May 9.

The Independence Party and the Social Democratic Alliance, will meet separately in parliament at 1000 GMT on Monday to see what they can agree on to keep the government going.


Read more: http://www.reuters.com/article/latestCrisis/idUSLQ180805