Country Report Iceland July 1998 Main report

Political structure.

Official name: Republic of Iceland

Form of state: Parliamentary republic

Legal system: Based on constitution of 1944

National legislature: Althing (parliament) of 63 members elected for a four-year term

Electoral system: Universal direct suffrage from age 18; proportional representation

National elections: April 8th 1995; next election due by April 1999

Head of state: President, directly elected for a four-year term. Vigdis Finnbogadottir was replaced by Olafur Ragnar Grimsson on August 1st 1996

National government: Cabinet headed by prime minister, responsible to the Althing. There is currently an Independence Party-Progressive Party coalition government with a majority in the legislature. Last reshuffle: April 1995

Main political parties: Independence Party (IP; 25 seats); Progressive Party (PP; 15 seats); Social Democratic Party (SDP; 7 seats); People's Alliance (PA; 9 seats); People's Movement (PM; 4 seats); Women's List (WL; 3 seats)

The government Prime minister David Oddsson (IP) Key ministers Agriculture & environment Gudmundur Bjarnason (PP) Commerce & industry Finnur Ingolfsson (PP) Communications & transport Halldor Blondal (IP) Education Bjorn Bjarnarson (IP) Finance Geir H Haarde (IP) Fisheries, justice & religious affairs Thorstein Palsson (IP) Foreign affairs Halldor Asgrimsson (PP) Health Ingibjorg Palmadottir (PP) Social affairs Pall Petursson (PP) Central Bank governor Birgir Gunnarsson

© 1998 The Economist lntelligence Unit Ltd. All rights reserved
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