Iceland opposition wins election

  • Center-right opposition parties in Iceland are set to come back to power after Saturday's parliamentary election.

    The Independence party has 26 percent while the Progressive party has 24 percent. They are likely to win 40 of the 63 seats.

    The ruling Social Democrats sit at around 13 percent.

    More than 230,000 voters were eligible to cast their ballots. Nearly all the votes have been counted.

    The victory is seen as a major comeback for the center-right, which was blamed for Iceland's near-economic collapse in 2008.

    The center-right has pledged to cut taxes and provide debt relief.

    Their win could also hinder the island nation's EU membership talks as they are seen as Eurosceptic.