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In the snap [[2009 Icelandic parliamentary election]] called in the aftermath of the [[Icelandic financial crisis]], the Social Democratic Alliance under the leadership of [[Jóhanna Sigurðardóttir]] emerged as the largest party and formed a [[Second cabinet of Jóhanna Sigurðardóttir|coalition government]] with the [[Left-Green Movement]] which became the country's first majority left-wing government. She was the country’s first female prime minister and the world’s first openly gay head of government.<ref>{{cite web |last1=Sigurðardóttir |first1=Jóhanna |title=prime minister of Iceland |url=https://www.britannica.com/biography/Johanna-Sigurdardottir |website=Encyclopedia Britannica |access-date=3 April 2021}}</ref>
In 2014 it became the largest party in the [[Reykjavík City Council]],<ref>https://www.visir.is/g/2014140609957/lokatolur-i-reykjavik--meirihlutinn-fallinn</ref> and party member [[Dagur B. Eggertsson]] became mayor.<ref>https://reykjavik.is/borgarfulltruar/dagur-b-eggertsson</ref> As of 2018 it is the second largest party in the City Council after the [[Independence Party (Iceland)|Independence Party]]<ref>https://www.mbl.is/frettir/kosningar/svf_results/</ref> but remains in a majority coalition with Dagur as mayor.<ref>https://reykjavik.is/frettir/nyr-meirihluti-i-borginni-kynntur-vid-breidholtslaug</ref>
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