Iceland PM resigns over Panama leaks
Iceland's prime minister has resigned, becoming the first major casualty of the Panama Papers leak.
Sigmundur Gunnlaugsson said on Monday he "certainly" wouldn't be resigning after being accused of hiding millions of pounds in one of the stand-out Panama leaks.
Gunnlaugsson faced calls to resign and protests outside the Icelandic parliament over claims he stored away millions of pounds of investments in his country's banks behind an offshore company.
Leaked documents revealed he originally set up the company, named Wintris, with his wife in 2007 before selling his share to her - several months after taking office in 2009 - for the equivalent of 70p.
On Monday, he insisted he would not resign, saying his wife had always paid her taxes.
Earlier on Tuesday, however, Gunnlaugsson tried calling an early election, an attempt blocked by the Iceland president.
Sigurdur Ingi Johannsson, the deputy head of the governing Progressive Party, told reporters the party will suggest to its coalition partners in the Independence Party that he should become the new prime minister.
No replacement has been named, and Iceland's president has not yet confirmed that he has accepted the resignation.