Prime Minister Resigns After Thousands Of Icelanders Protest Over Panama Papers Scandal

by BRYAN DEWAN – UPDATE: Prime Minister Sigmundur David Gunnlaugsson resigned suddenly Tuesday, walking out of Parliament shortly after 3:00 pm local time — less than a day after publicly declaring he would not succumb to protesters’ demands that he leave office, and less than 12 hours after his attempt to dissolve Parliament was rebuffed. After leaks exposed the owners of a web of offshore shell companies this weekend, Icelandic Prime Minister Sigmundur David Gunnlaugsson is facing large-scale protests, calls to resign, and airborne yogurt. Hours before a crowd of thousands rallied outside Parliament on Monday, one goateed man launched “a number of tubs of Iceland’s famous skyr at the walls and windows” of the building and was later arrested. While the protester’s choice of weapon might seem amusing, the controversy threatening to topple Iceland’s current administration is not. Documents leaked from the Panamanian law firm Mossack Fonseca reveal that Gunnlaugsson...

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