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
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
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