Iceland’s ruling Social Democrats used part of their conference declaration to encourage the country’s financial institutions not to stop restructuring household debts even though the facility to write off debt appears to be fully utilised. Read the full story

71 percent of Reykjavik residents support the new coalition in City Hall between the Best Party and the Social Democrats. Read the full story

Icelandic MP Steinunn Valdis Oskarsdottir has decided to resign as a Social Democrat member of parliament for Reykjavik. Read the full story

(Updated 17.24 GMT) The Progressive Party in Iceland believes Prime Minister Johanna Sigurdardottir is deliberately trying to block a potential massive loan to the country from Norway completely unconnected to the IMF package. The Prime Minister described the allegations as preposterous. Read the full story

The parliamentary group of Iceland’s Left Green Movement will meet this afternoon upon their leader, Steingrimur J. Sigfusson’s return home from the IMF annual meeting in Turkey. The meeting is being described by some as a last gasp attempt to breathe life back into the party’s coalition government with the Social Democrats. Read the full story

Ogmundur Jonasson, Iceland’s Minister for Health resigned his position earlier today in a meeting with Prime Minister Johanna Sigurdardottir. He says he cannot put his weight behind the Icesave deal as the government is requiring its ministers to do. He does not, however, wish for his actions to destroy the coalition. Read the full story

The make-up of the new Icelandic government will be almost unchanged to start with, according to mbl.is. There will be 12 ministries and cabinet ministers will increase from 10 to 12. New ministers will be named for Read the full story

Iceland’s Social Democrats and Left Green Movement began talks yesterday on the formation of a new government following both parties’ strong showing in Saturday’s elections.

Together the parties hold 34 seats in the 63-seat Althingi parliament, meaning a comfortable majority. Despite this, the Independence Party are actually the second largest party in parliament with 16 MPs – two more than the Left Greens. Read the full story

Iceland’s Social Democrats remain the most popular political party, according to the latest Capacent Gallup poll conducted for RUV and Morgunbladid. Read the full story

The national conferences of both the Independence and the Social Democratic parties are taking place this weekend and come at a critical time, less than a month before the general election. Read the full story