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Lofven wins Sweden's general election

Monday, September 15, 2014 - 00:56

Sweden's centre-left Social Democrat leader Stefan Lofven emerges as victor in Sunday's general election. Gavino Garay reports.

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Sweden's center-left Social Democrat leader Stefan Lofven emerges as victor in Sunday's general election. This comes after voter backlash against tax cuts and trimmed welfare by a center-right government. But he fell short of a parliamentary majority. The Nordic region's biggest economy now faces a weak minority government with a possible political impasse as the anti-immigrant far right emerged as the third biggest party to hold the balance of power. Lofven's Social Democrats and two other opposition parties, garnered 43.7 percent of the vote, against 39.1 percent for Prime Minister Fredrik Reinfeldt's coalition. That means a government with limited clout to pass bills. Reinfeldt says he will hand in his resignation Monday. Though challenges remain - with the new government facing high unemployment and a potential housing bubble that threatens economic stability.

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Lofven wins Sweden's general election

Monday, September 15, 2014 - 00:56