The prime minister of Iceland said he is not resigning after reports of him stepping down circulated on April 5.
Prime Minister Sigmundur David Gunnlaugsson said he stepped aside for an “unspecified” period, according to The New York Times.
The Icelandic government has been caught up in turmoil after the Panama Papers revealed that Gunnlaugsson and his wife set up a secret offshore company in 2007. After the revelations, thousands protested in the nation’s capital, calling for the prime minister’s resignation.
Gunnlaugsson had called for the dissolution of the parliament and for an early election. But the president of Iceland, Olafur Ragnar Grimsson, rejected his request, saying that he needed to discuss the decision with other party leaders.
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