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Almost a month after the April 27 general elections, Iceland’s new government took office on May 23. None of the nine members of the country’s new cabinet, which is made up of a coalition of 38-year-old Prime Minister Sigmundur Davíð Gunnlaugsson’s Progress Party and the Independence Party led by Bjarni Benediktsson, have previous ministerial experience.
In an interview with Morgunblaðið, Benediktsson, the new Minister of Finance and Economic Affairs, confirmed that he intends to cut income taxes in the summer in order “to relaunch the economy.”
The day before he took office, Benediktsson announced that “Iceland’s accession to the European Union would immediately be suspended.”
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