Iceland’s Prime Minister Resigns Amid Panama Papers Scandal

Sigmundur Davíð Gunnlaugssonin Oct, 2014

Too bad. Iceland has done many smart things since the 2008 Crash. It told the London banks to take a hike, saw its interest rakes spike, and then saw them come back down as Europe and the world really came to grips with the economic crisis.

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(From NPR)

As we reported yesterday, the data breach purports that Gunnlaugsson and his wife had a stake in a company seeking millions of dollars from failed Icelandic banks. The revelation sparked a public outcry in Iceland.

Thousands of people demanded the prime minister’s resignation, as Icelandic radio reporter Haukur Holm told NPR’s Renee Montagne on Morning Edition.

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