Sigmundur will remain on as chairperson of the Progressive Party, and Sigurður Ingi will take his place as Prime Minister. Sigurður said that they want to continue their partnership with the Independence Party, and do not recommend early elections at this time.
However, Independence Party chairperson Bjarni Benediktsson is currently meeting the President Ólafur Ragnar Grímsson to discuss the current situation.
Sigurður has publicly defended the Prime Minister since the Panama Papers story broke, going so far as to defend the use of offshore accounts by saying, “It is complicated to have money in Iceland.”
Democracy and Class Struggle days we should emulate Iceland by imprisoning Banksters and firing corrupt Prime Ministers - Iceland shows us the way