Sweden’s centre-left Social Democrats topped the poll in Sunday’s election but fell well short of an overall majority to the extent that it will struggle to form a strong coalition.
The Social Democrats and the Greens and hard Left, who would be natural coalition allies, garnered 43.7 percent of the vote. The anti-immigrant far right emerged as the third biggest party to hold the balance of power with nearly 13 percent.
It looks like there will be plenty of time for market jitters before a government is formed.
What looks more certain is the ousting of the centre-right means years of falling taxes and liberal economic reforms may come to a juddering halt.
A flurry of polls over the weekend didn’t materially change the Scotland independence story.
The poll of polls – which because it collates a far higher number of votes than an individual survey should have a smaller margin for error than the 2 or 3 percentage points in any single survey – puts the pro-union vote on 51 percent, the independents on 49, still too close to call.
The independence campaign continues to press for explanations about the UK government orchestrating dire warnings from the business community and, in particular, what the Treasury’s involvement was in Royal Bank of Scotland’s announcement that it would relocate south of the border in the event of a “Yes” vote.