Birgitta Jonsdottir of the Pirate party (Pirater) casts her vote at a polling station in Reykjavik, Iceland, Saturday, Oct. 29, 2016. Icelanders are voting Saturday in a national election, with the anti-authoritarian Pirate Party hoping to unseat the centre-right government amid public discontent at traditional elites. AP
Birgitta Jonsdottir of the Pirate party (Pirater) casts her vote at a polling station in Reykjavik, Iceland, Saturday, Oct. 29, 2016. Icelanders are voting Saturday in a national election, with the anShow more

Pirate Party could topple Iceland’s ruling centre-right coalition



REYKJAVIK // Icelanders defied strong winds and rain on Saturday to vote in a parliamentary election with polls showing the opposition led by the anti-establishment Pirate Party could topple the ruling centre-right coalition.

Icelanders’ faith in their political and financial establishment was shaken after the 2008 financial crisis and further eroded this year when several senior government figures were named in the Panama Papers on offshore tax havens.

The biggest protests in Icelandic history ultimately led to the resignation of prime minister Sigmundur David Gunnlaugsson of the Progressive Party and the election this weekend, six months ahead of schedule.

“I voted the Pirates this time because I want change. I’m tired of all this mess,” said Georg Jonasson, 49 and unemployed, after casting his ballot at the Laugalaekjar school.

Founded by internet activists and led by the poet Birgitta Jonsdottir, the Pirates promise to clean up corruption, look into granting asylum to former US spy contractor Edward Snowden, and involve people more directly in lawmaking.

“Change is beautiful, there is nothing to worry about ... We can sense that the times are a-changing,” said Ms Jonsdottir after casting her vote, quoting American singer-songwriter Bob Dylan’s anthem of civil rights and Vietnam War protests.

“If it’s naive to listen to people, then so be it. We’d rather be naive than corrupt, and the Icelandic people are very sick of the nepotism and corruption,” she said.

Polls were to close at 2200 GMT, with the first results expected soon afterward, though bad weather could delay matters.

Pre-election polls showed the Independence and Progressive parties stood to lose their current majority in the Althing, often described as the world’s oldest parliament, which means they would have to find a third coalition partner to stay in power.

The Pirates would be looking to form a majority with the current opposition parties — the Left-Green Movement, the Social Democratic Alliance and Bright Future.

A poll conducted a day before the election showed 36 per cent support for the government parties, while the four opposition parties together took about 49 per cent.

In a tight race, the newly-established Vidreisn (Reform Party) could become kingmaker. The pro-European, liberal party has not taken sides yet, but some analysts predict it would favour the current government as its economic policy leans rightward.

While the Independence Party remains the biggest party, support for the Pirates has been steady at around 20 per cent over the past months, well above the five per cent it won in the 2013 election but below a 40 per cent peak.

The current government parties point to their own success in reviving the economy. Fuelled by a tourism boom, Iceland has recovered from its banking meltdown and economic growth this year is expected to hit 4.3 per cent.

Parties on both sides have pledged no major changes to the continuing lifting of remaining capital controls imposed after the 2008 crisis. The remaining curbs could be removed fully next year, the central bank governor said on Friday.

Turnout in Iceland is normally high at about 80 per cent, but as in most countries, young voters are less likely to cast their ballots, which could hit support for the Pirates.

* Reuters

BUNDESLIGA FIXTURES

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 
RB Leipzig v Freiburg (4.30pm) 
Hoffenheim v Hertha Berlin (4.30pm) 
Fortuna Dusseldorf v Paderborn  (4.30pm) 
Augsburg v Wolfsburg (4.30pm) 
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

How to increase your savings
  • Have a plan for your savings.
  • Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
  • Decide on a financial goal that is important to you and put your savings to work for you.
  • It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings. 

- Carol Glynn, founder of Conscious Finance Coaching

 

 

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