The narrow left-leaning majority of 176 seats to 173 for the right-wing bloc after Sweden’s September 2026 election has produced prolonged coalition talks, with Social Democrat leader Magdalena Andersson failing in successive attempts to secure a stable government. Disagreements between the Centre Party and Left Party over cabinet participation remain the central sticking point, preventing a four-party arrangement while also blocking narrower combinations such as S+MP or S+MP+V. This fragmentation sustains trader uncertainty across multiple viable paths, including a single-party Social Democratic administration or broader centre-left deals, with an imminent Riksdag vote on Andersson’s nomination likely to fail and reopen negotiations. Policy differences on taxation, energy, and immigration further complicate consensus within the narrow parliamentary margin.
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