Iceland government seeks new leader to avoid early vote after Panama leaks

April 6, 2016 11:12 AM

23 0

Iceland government seeks new leader to avoid early vote after Panama leaks

REYKJAVIK Iceland's government sought to avoid early elections on Wednesday by picking a replacement for the prime minister who stepped aside over links to an offshore company, as the "Panama Papers" leaks cast the tiny country into a political maelstrom.

Sigmundur David Gunnlaugsson exited on Tuesday after leaked documents from a Panamanian law firm showed his wife owned millions of dollars worth of previously undisclosed shares in a company that held debt from failed Icelandic banks.

Also read: UKIP leader to fight February election in threat to Labour

Read more

To category page

Loading...