The then governing parties won a razor-thin majority, 32 seats against the opposition's 31. This was caused by considerable losses for the Progressive Party, which had the worst election in its more than 90-year history. Major outcomes of the elections were also the considerable strengthening of the Left-Green Movement, was the election's big winner, and the failure of Iceland's Movement – Living Land to clear the election threshold and enter the parliament, though it got 3.3% of the votes. After five days of speculation, it was decided on 17 May that the government would resign and the 12-year-long coalition between Independence Party and Progressive would end. Later the same day, the leaders of the Independence Party and of the largest opposition party, the Social Democratic Alliance, Geir H. Haarde, the outgoing Prime Minister, and Ingibjörg Sólrún Gísladóttir, former mayor of Reykjavík, decided to try to form a new majority coalition. Haarde formally resigned on 18 May on behalf of his outgoing government. Simultaneously, he was assigned by the President of Iceland, Ólafur Ragnar Grímsson, the mandate to form a new majority coalition. The coalition meetings between the Independence Party and the Alliance were held in Reykjavík and at Þingvellir, where Alþingi was established in the year of 930. On 22 May the two parties reached an agreement, and the new government took over on 24 May. The ministers are as follows: