Iceland lowers its interest rate to 7%.
Iceland’s incumbent, centre-right Independence Party surprised pollsters by winning 29 percent of the vote (21 seats), thereby putting leader Bjarni Benediktsson in position to organize another coalition government. The Progressive Party, the current ruling partner, garnered 11.5% and eight positions, a loss of 11 seats. The new Pirate Party didn't perform as predicted with 14.5% of the ballots, though it did get 10 seats, an increase of seven more positions in the 63-seat parliament (Althing).
It is revealed that the United States has subpoenaed Twitter for personal information regarding people connected to Wikileaks, including founder Julian Assange, suspected source of leaks Bradley Manning, and supporter Birgitta Jónsdóttir, a member of Iceland's Althing.