(Bloomberg) -- Iceland's president is giving political parties more time to discuss possible coalitions after Left Green Movement leader Katrin Jakobsdottir failed to form a governing alliance.
The Left Greens, the Social Democrats, the Progressive Party and the Pirate Party issued a joint statement saying their combined majority was too slim to form a viable government. Together, the four parties control 32 seats in the 63-strong parliament.
In a statement released late on Monday, President Gudni Th. Johannesson said he planned to summon eight party leaders to explore alternative options before deciding who gets the next stab at forming a majority. His office declined to provide a specific timetable when contacted by Bloomberg on Tuesday.
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Asked if she would rule out joining forces with the conservative Independence Party and the centrist Progressive Party in a German-style grand coalition, Jakobsdottir said: “We don't rule anything out.”
To contact the reporter on this story: Ragnhildur Sigurdardottir in Reykjavik at rsigurdardot@bloomberg.net.
To contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net, Nick Rigillo
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