Breaking: Iceland prime minister resigns over Panama Papers revelations

Sigmundur Davíð Gunnlaugsson

Iceland’s embattled prime minister, Sigmundur Davíð Gunnlaugsson, has tendered his resignation in the wake of a mounting political crisis over his family’s offshore investments, local media have reported, but his departure has yet to be agreed by either his coalition partners of the country’s president.

  • Ed

    Looks like this guy out of Harry Potter…

  • He acted very guilty in that interview he quit halfway through, yesterday.

  • The Butterfly

    Leader of the Progressive Party too. Taxation for thee, but not for me…

  • Norman_In_New_York

    I hope he doesn’t let the door hit him on the way out.

  • Hard Little Machine

    So the guy in charge of the government administering the government’s bailout of the failed banks is an equity partner in the major creditors to those banks. We should have ALL been civil servants.

  • One down…

  • Alain

    At least he resigned which is more than any of our own politicians caught in a scandal just as big and as bad. I suggest it would be the same for likes of Obama, Hilderbeast and a few others. Their arrogance knows no end. I don’t mean this as any kind of excuse for Iceland’s PM.

  • Millie_Woods

    “I did nothing illegal. I hold no money offshore, it’s all in my wife’s name”.

    Is there a tree in Iceland to hang this prick from?

    • Oracle9

      What was actually illegal in his tax strategy? Are you a communist? Do you volunteer your efforts to the collective? Lead by example, please.

  • Oracle9

    Seems that the right of everyone to legally pay the least amount of taxes is beyond the pale. Even commenters on this forum are getting swept away in the sensationalism. Hello communism, hello worldwide third world.

    • Alain

      I am not sure we are commenting for the same reason. I know I see no problem with using any legal means possible for paying less tax since I am already taxed way too much. I do however object to the money being obtained through theft from others. I do agree however about the human tendency to resent/envy the wealthy making no distinction as to how they obtained their wealth. I doubt Iceland’s PM obtained his through his own creativity and hard work nor through inheritance, but I admit not knowing for certain.

      • Oracle9

        Well, if it’s legal that represents conformity to the rule of law, which has been made in democratic governments I would think with clear thought.

        What gets me is the emotional response of the left by thinking that if only they can bring down the rich, then prosperity will flourish. That’s a fuzzy-headed and dangerously naive emotional approach. My fear is that this mindset will form policy, as we can see in our present Canadian government’s appalling hypocrisy and shallow approach to the serious business of governing.

        BTW, Occupy Wall Street, the adoration of style over substance by our public, and platitudes instead of serious thought will not create a world in which we would want to live. It won’t work out well.

        • Alain

          I agree it is a very dangerous and destructive mindset. It is the mindset of those who think prosperity is finite, in other words limited, and the wealthy have a bigger piece of the finite pie. Coupled with this are the negative and self-destruction emotions of envy, jealousy and greed. The end result is never good for anyone. As for the government buying into it, I say it already did that long ago with our tax system, which actually penalises those who work the hardest and rewards those who work less or do not work at all. The whole redistribution of wealth along with equalisation are the same thing.

  • Spatchcocked

    The argument is that such behaviour is sneaky and underhanded…’s not transparent… he looks like a fucking pig so I say hang him.