Icelandic Prime Minister Resigns Over ‘Panama Papers’
Here we go.
Iceland Prime Minister Sigmundur Gunnlaugsson has become the first casualty in the wake of the Panama Papers leak; he his resignation yesterday following revelations of a secret offshore company (titled Wintris) that was owned by him and his wife. Apparently, this “shell company” managed investments in three Icelandic banks that collapsed during the 2008 financial crisis. Obviously, the public there hadn’t forgotten about what happened then (head here for more information).
Gunnlaugsson initially did try to stay in office; thanks to an awkward interview (to which he couldn’t even properly respond to the questions about his involvements, above) and the public’s protest/demonstrations (below), it was effectively all she wrote.