Skip to navigationSkip to content

The Panama Papers just forced Iceland’s prime minister to resign

Reuters/Scanpix Sweden
kveðjum, Sigmundur
By Jill Petzinger


Published This article is more than 2 years old.

Sigmundur Davíð Gunnlaugsson resigned as Iceland’s prime minister today (April 5) after the Panama Papers leak revealed his secret holdings in the Central American tax haven.

For two days, large crowds have been calling for Gunnlaugsson’s resignation outside the parliament buildings in Reykjavik. An estimated 22,000 people turned out for the demonstrations—a sizeable portion of the Nordic island’s total population of 320,000. 

The center-right prime minister walked out of a TV interview on Sunday when asked about an offshore company that he owns with his wife. The company’s assets included investments in Icelandic banks, which were bailed out by the government in the wake of the financial crisis.

Gunnlaugsson sought to hold early elections in the wake of the scandal, but was rebuffed by Iceland’s president.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.