REYKJAVIK — Iceland’s Prime Minister Sigmundur David Gunnlaugsson became the first major casualty of the Panama Papers revelations, stepping down on Tuesday after leaked files showed his wife owned an offshore firm with big claims on the country’s collapsed banks.The ruling Progressive Party’s deputy leader Sigurdur Ingi Johansson, who holds the fisheries and agriculture portfolio, said after a party meeting that the party planned to name him as the new leader.Mr Gunnlaugsson stepped down ahead of a planned vote of no-confidence, hours after asking President Olafur Ragnar Grimsson to dissolve parliament.The president had said he would talk with the main parties before making a decision. Dissolving parliament would almost certainly lead to a new election. He ultimately refused.On Monday, the opposition filed a motion of no-confidence and thousands of Icelanders gathered in front of parliament, hurling eggs and bananas and demanding the departure of the leader of the centre-right coal...
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