Iceland’s PM Resigning Over ‘Panama Papers’
He’s the first to fall. Sigmundur David Gunnlaugsson has agreed to step down over allegations from the leaked papers that he hid millions in overseas investments by setting up a shell with the help of Panamanian law firm Mossack Fonseca. Thousands protested today while Gunnlaugsson resisted calls to resign, attempting to dissolve Iceland’s parliament before finally capitulating. Reports say he’s likely to be replaced by the country’s agriculture minister — but his downfall leaves many wondering if more public figures will be toppled by the scandal.