Iceland: The outcome of the election marks a return to the past

The elections Icelandic return power to the parties that caused the great crisis that has plunged the country into recession in 2009. It seems strange as the result of elections approaching the northernmost country on the European continent to the much derided Latin countries of southern Europe, where, despite the serious economic situation, in the end, remain in power always the same political parties. So the geographic poles opposite the old continent are very close in a restoration continues, that does not take into account actual economic data found. In Iceland, the Independence Party, oriented to the right, together with the party of progress, of center and agrarian matrix, so pass the opposition to the government. The growth rate of the GDP in the previous year, 2012, was 1.6%, which allowed the exit from the recession caused by the disastrous collapse of the three main financial institutions. In recent years the current government has managed to maintain an adequate level to the welfare state and the public debt has been reduced so much that the IMF has repeatedly cited the country's action as an example. However, if the state coffers are no longer burdened by debt, this effect has been poured on the families, who have contracted, a total amount of nearly nine billion euro, a huge sum for such a small country. A major cause of this situation is the interest rate linked to inflation pushes up a continuous and fast monthly payments, so that the increase year the interest is around 4%. But unemployment has its share of responsibility: close to zero before the crisis in 2008 has rocketed to eleven per cent, bringing the country a situation of negative news, which found not quite ready governments to manage the phenomenon and currently jobless stood at five per cent, a figure certainly improved compared to the previous one, but with a more decisive impact on a small country, also because of a reduction in unemployment has been the use of a massive migration, especially in Norway. The country, however, would need to re-launch data on employees with new opportunities, but the current growth does not allow considerable increases. The electorate has therefore expressed a choice that expresses a general discontent with the political force that ruled the period of crisis: the results achieved were not considered sufficient for a reconfirmation and it was decided to return to the past. Now the risks are applying a liberal policy, which does not improve the debt situation of families and, in addition, that burdens the state with the efforts to bring capital into the country from abroad. The creative financing and speculative that created the disaster of 2008 could return to reappearance in the Icelandic economic system, which also gets more and more by the European Union, seen by the winners of the elections as a giant loop capable of strangling the country, rather than an integration opportunities, both social and economic.