This week, Prime Minister Jóhanna Sigurdardóttir announced that 42 of the 46 projects, which the government had intended to finish during its first 100 days in power, had been completed. The six large projects that remain unfinished are being worked on.
Prime Minister Jóhanna Sigurdardóttir. Photo by Geir Ólafsson.
These projects include executing the second phase of economic stabilization program agreed upon by the International Monetary Fund (IMF) and the Icelandic government in October last year, reducing currency restrictions, refinancing and reorganizing savings banks and advertising the positions of the directors of the state-run banks, mbl.is reports.
The Social-Democrat-Left-Green coalition has been torn over major matters of dispute, such as applying for membership to the European Union and signing the Icesave agreement with the UK and the Netherlands, Fréttabladid reports.
Political scientist Úlfar Hauksson said that the coalition would likely have been terminated had it not been able to reach a compromise on Icesave.
In addition to the projects that remain unfinished in the government’s 100-day plan, other large projects await, such as the new national budget with extensive cutbacks.
Click here to read more about Icesave.