We suspect more than a few ‘prosecuted’ bankers will be smiling wryly today as, following the exposure of his offshore financial dealings – revealed in the Panama Papers – Iceland’s embattled Prime Minister Sigmundur David Gunlaugsson has resigned.
Despite earlier refusal to step down, the decision, which was reported by national broadcaster RUV, followed street protests that attracted thousands of Icelanders angered by the alleged tax evasion.
The FT reports that
- ICELAND FISHERIES AND AGRICULTURE MINISTER SIGURDUR INGI JOHANSSON WILL BECOME PRIME MINISTER
via Zero Hedge http://ift.tt/229JwTf Tyler Durden