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Icelandic Prime Minister resigns amid “Panama Papers” fallout

Financial scandal leads to protests, new Prime Minister
April 9, 2016
By: Marshall Keely
Iceland
REYKJAVIK, ICELAND – Iceland’s Prime Minster Sigmundur David Gunnlaugsson stepped down on Wednesday after protests calling for his resignation. Documents hacked from a Panama law firm revealed Gunnlaugsson’s involvement in an undisclosed offshore financial activity, sparking public outrage.
Protests were organized in the Icelandic capital of Reykjavik, where more than 22,000 turned out in opposition of the prime minister. Critics say Gunnlaugsson shattered public confidence in his leadership and tarnished the country’s international reputation.
Sigurdur Ingi Johannsson was sworn in as acting Prime Minister on Thursday, but protest organizers are still clamoring for fresh elections.

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