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flag Iceland's new PM, Kristrun Frostadottir, leads a coalition aiming to stabilize the economy and reduce costs by cutting ministries.

flag Iceland's new government, led by 36-year-old Prime Minister Kristrun Frostadottir, aims to stabilize the economy, reduce inflation, and cut administrative costs by reducing ministries. flag The coalition includes the Social Democratic Alliance, the centrist People's Party, and the pro-European Reform Party. flag They plan to hold an EU membership referendum by 2027 and will assess the benefits of adopting the Euro.

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