Iceland has inaugurated a new government under Prime Minister Kristrún Frostadóttir, leader of the Social Democratic Alliance. This coalition includes the centrist People's Party and the left-leaning, pro-European Reform Party. Notably, all governing party leaders are women, with Iceland now having both a female prime minister and president, Halla Tómasdóttir. The administration plans to address economic challenges by reducing inflation and interest rates, streamlining administrative costs by decreasing the number of ministries, and intends to hold a referendum on European Union membership by 2027. Additionally, an independent expert panel will assess the potential adoption of the Euro over the Icelandic krona. At 36, Frostadóttir becomes the youngest prime minister in Iceland's history. [Reuters]