Iceland ruling coalition has named Sigurdur Ingi Johannsson as the new Prime Minister, with early elections to be held in the autumn.
Mr Johannsson, 53, is Agriculture and Fisheries Minister and deputy leader of the Progressive Party. The move comes after Prime Minister and PP Chairman Sigmundur Gunnlaugsson stepped down in the wake of the leaked Panama Papers. The leaks, from Panama law firm Mossack Fonseca, showed Mr Gunnlaugsson owned an offshore firm with his wife. It was not declared when he became an MP.