The Independence Party triumphed with 26.7% of the vote yesterday after Icelanders returned the centre-right political government that administered their financial meltdown five and a half years ago.
43 year old Bjarni Benediktsson, chairman of the Independence Party, is tipped to become the next Prime Minister in a coalition government with Iceland’s oldest party, the Progressives in the coming days.
The Progressives, who had been yards ahead in the polls over the past three months, pulled in 24.4%.
Benediktsson, a former professional soccer player said, "The Independence Party has been called to duty again. We've seen what cutbacks have done for our healthcare system and social benefits. Now it's time to make new investments, create jobs and start growth."
"What we won't compromise about is cutting taxes and lifting the living standards of people."
In 2009, the Social Democratic Alliance and the Left Green Movement won an emergency election after protests outside parliament left the government with no choice but to resign saw their vote count fall to 12.9% and 10.9% correspondingly.
Do you think Ireland will follow suit and re-elect Fianna Fail into power again?