The headlines from this evening’s Swedish election result will no doubt involve claims that the far-right Swedish Democrat party holds the balance of power. Such circulation-boosting sensationalism from news outlets is something we in the UK should be used to from the experience of a BNP that gained more exposure than its lowly position ever deserved.

It is infact the Green Party that holds the balance of power in Sweden with the result expected to be:

Alliance – 49.3%
Social Democrats/Left – 36.5%
Greens – 7.2%
Swedish Democrats – 5.7%

The ruling Alliance has a couple of options without the support of the Greens of course. It could rule as a minority Government and ‘dare’ the red-Green coalition to vote with the toxic Swedish Democrats to deliver its agenda. The unlikelihood of such an approach is matched by the improbability of the Alliance’s second option – dealing with the racists directly themselves.

So contact with the Greens by the Alliance has been made as Prime Minister Fredrik Reinfeldt would clearly rather work with a stable majority than a vulnerable minority.

Having Ministerial positions would be a massive promotion for the Swedish Greens (who were the 7th largest party in 2006-10) but their leader has already said publicly that they’d struggle to look their voters in the eye if a deal was done. Again, we in the UK can understand this logic as we have seen Nick Clegg’s Lib Dems plummet in the polls since they sold out many of their voters back in May.

However, the Swedish Greens have a wider chasm to cross as they actively campaigned alongside the red Social Democrats for a left coalition.

One extra aspect of this already complicated drama is that the Greens could use the presence of the widely detested, far-right Swedish Democrats as political cover for dealing with the Alliance, assuming the rationale of combatting Climate Change is somehow insufficient for the Swedes, of course.

So an intriguing evening and more twists to come but if the Greens can go from 7th to 3rd and then on to a Government role then there would be one clear winner from Valet 2010.