Iceland: Government appoints new Prime Minister, to call early elections | Reuters

Iceland’s government named a new prime minister and called for early elections in the autumn on Wednesday, a day after Prime Minister Sigmundur David Gunnlaugsson quit to become the first global politician brought down by the “Panama Papers” leaks. It was unclear whether the naming of Fisheries Minister Sigurdur Ingi Johannsson to head the government or the call for early elections would satisfy the thousands of Icelanders who in street protests this week demanded the government resign immediately for early elections. Gunnlaugsson quit as prime minister on Tuesday after leaked documents from a Panamanian law firm showed his wife owned an offshore company that held millions of dollars in debt from failed Icelandic banks. The government said the decision to hold elections in autumn would give it time to follow through on one of the biggest economic policy changes in decades – the ending of capital controls introduced to rescue the economy from the 2008 financial crisis.

Full Article: Iceland government appoints new PM, to call early elections | Reuters.

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