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World

Pirates eye gold in Iceland's elections

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World

Pirates eye gold in Iceland's elections

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COMING UP:Pirates eye gold in Iceland's elections

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00:00:00
>> Election day in Iceland and it could be pirates sailing into government. Voters battling the storms to get to their polling stations in Reykjavik. Reuters correspondent, Tina Jacobson, is out one of them.>> The special part about this election is that the Pirate Party, founded four years ago by Internet activists, could maybe form the next government.
00:00:24
It is still a tight race between the current government parties and the pirate parties and the other opposition parties on the other side. So we still have to wait and see who will actually take power on this small island of just 330,000 inhabitants.>> The Pirate Party wants to clean up corruption, introduce virtual currency BitCoin, and grant asylum to whistleblower Edward Snowden.
00:00:49
>> The message is that the Pirate Party is going to change five fundamental things.>> Unlike other Pirate Party's across Europe, this group actually has a shot at forming at least part of a government.>> The Pirate Party is so popular in Iceland, because they have ridden a wave of public anger at perceived corruption among the political and financial elite.
00:01:12
First after the financial crisis in 2008 and recently after the Panama Papers revealed several of the senior government figures, actually was in the papers and therefore had connections to offshore tax havens.>> For the Pirate's, striking gold would be forming a majority with the current opposition, the left green movement.
00:01:36
But mainstream parties criticize their lack of policy detail and fear financial instability at a crucial time in Iceland's economy. The election was sparked after the former Prime Minister resigned, embroiled in the Panama Papers scandal.