Iceland’s Prime Minister has stepped down after the Panama Papers reportedly linked him to an offshore company.
The leaked documents are said to show Sigmundur David Gunnlaugsson and his wife owned a firm in the British Virgin Islands which held £2.8m of investments in Iceland’s collapsed banks.
Thousands of demonstrators protested outside parliament in Reykjavik on Monday, throwing eggs, bananas and yoghurt and calling for him to stand down.
Mr Gunnlaugsson earlier requested the President dissolve Parliament and call new elections after the left-wing opposition called a vote of no confidence in the government.
But President Olafur Ragnar Grimsson refused, saying he wanted to consult the main parties before making his decision.
Mr Gunnlaugsson is the first casualty of the papers, leaked to various media organisations from Panama-based law firm Mossack Fonseca.
Mr Gunnlaugsson had earlier ruled out resigning.Before resigning, he stormed out of a media interview about the papers.
He later apologised.
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