Icelandic government appoints new PM after Panama Papers leaks - The Globe and Mail

battery low

Minister (2k+ posts)
Iceland’s government named a new prime minister and called for early elections in the autumn on Wednesday, a day after Prime Minister Sigmundur David Gunnlaugsson quit to become the first global politician brought down by the Panama Papers leaks.



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It was unclear whether the naming of Fisheries Minister Sigurdur Ingi Johannsson to head the government or the call for early elections would satisfy the thousands of Icelanders who in street protests this week demanded the government resign immediately for early elections.Gunnlaugsson quit as prime minister on Tuesday after leaked documents from a Panamanian law firm showed his wife owned an offshore company that held millions of dollars in debt from failed Icelandic banks.

The government said the decision to hold elections in autumn would give it time to follow through on one of the biggest economic policy changes in decades – the ending of capital controls introduced to rescue the economy from the 2008 financial crisis.
Mr. Johannsson, who had served also as agriculture minister in the government, told reporters the government would further pursue its big projects of the last three years, the largest being the abolition of capital controls.

The opposition has been trying to force a new election with a vote of no confidence in the government, which could lead to a radical political shift.
A few thousand demonstrators, though fewer than on Monday, gathered for another evening of protests in front of the parliament building on Wednesday.Protesters, already fed up with the financial and political elite after the 2008 banking crisis wrecked their economy, have gathered the last three nights in the capital Reykjavik, some pelting parliament with yogurt and eggs.

I feel like I am watching a live show of House of Cards,” Erla Gisladottir, a 32-year-old mother on parental leave, said ahead of the government’s decision to call new elections, referring to a television show about political intrigue.
Polls show the anti-establishment Pirate Party in the lead if a new election is called in the country of 330,000 people, a result with potentially wider impact across Europe where mainstream political parties are fending off populists.A poll by Icelandic media outlet Visir showed 43 per cent of those polled would cast ballots for the Pirate Party if elections were held now, a stunning victory for a group set up by opponents of copyright enforcement rules.

The Pirate Party, which campaigns in favour of transparency and direct democracy, has had a small following in several European countries for a few years but has never before come close to political power.
The Panama documents revealed that Gunnlaugsson’s wife owned a previously undisclosed firm with what the government says is $4.1-million in claims on the island’s collapsed banks. His opponents have said that represents a conflict of interest, because the government is negotiating the value of such claims.

The leaked documents from a Panamanian law firm that specializes in setting up offshore companies were unveiled this week by news organizations around the world, shining a light on the finances of global politicians and public figures.

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mrk123

Chief Minister (5k+ posts)
Kia mulk hain yaar duniya kay ....


Aik hamara mulk hai .... Why is this happening to us ?

Check this out. See where Iceland ranked and where is Pakistan on this list and you will understand why people in Pakistan didn't bother about the discovery of PM's children's offshore accounts. They see much more glaring signs and examples of massive corruption by their political leaders on a daily basis.

Iceland was ranked 1st and Pakistan 146th out of 159 countries. This explains the shock of the people at this discovery.

http://www.nationsonline.org/oneworld/corruption.htm

NOTE: CPI Score relates to perceptions of the degree of corruption as seen by business people and country analysts and ranges between 10 (highly clean) and 0 (highly corrupt).
TI 2005 Corruption Perceptions Index
RankCountry2005 CPI score*Confidence range**Surveys used***
1Iceland9.79.5 - 9.78
2Finland9.69.5 - 9.79
-New Zealand9.69.5 - 9.79
4Denmark9.59.3 - 9.610
5Singapore9.49.3 - 9.512
6Sweden9.29.0 - 9.310
7Switzerland9.18.9 - 9.29
8Norway8.98.5 - 9.19
9Australia8.88.4 - 9.113
10Austria8.78.4 - 9.09
11Netherlands8.68.3 - 8.99
-United Kingdom8.68.3 - 8.811
13Luxembourg8.58.1 - 8.98
14Canada8.47.9 - 8.811
15Hong Kong8.37.7 - 8.712
16Germany8.27.9 - 8.510
17USA7.67.0 - 8.012
18France7.57.0 - 7.811
19Belgium7.46.9 - 7.99
-Ireland7.46.9 - 7.910
21Chile7.36.8 - 7.710
-Japan7.36.7 - 7.814
23Spain7.06.6 - 7.410
24Barbados6.95.7 - 7.33
25Malta6.65.4 - 7.75
26Portugal6.55.9 - 7.19
27Estonia6.46.0 - 7.011
28Israel6.35.7 - 6.910
-Oman6.35.2 - 7.35
30United Arab Emirates6.25.3 - 7.16
31Slovenia6.15.7 - 6.811
32Botswana5.95.1 - 6.78
-Qatar5.95.6 - 6.45
-Taiwan5.95.4 - 6.314
-Uruguay5.95.6 - 6.46
36Bahrain5.85.3 - 6.36
37Cyprus5.75.3 - 6.05
-Jordan5.75.1 - 6.110
39Malaysia5.14.6 - 5.614
40Hungary5.04.7 - 5.211
-Italy5.04.6 - 5.49
-South Korea5.04.6 - 5.312
43Tunisia4.94.4 - 5.67
44Lithuania4.84.5 - 5.18
45Kuwait4.74.0 - 5.26
46South Africa4.54.2 - 4.811
47Czech Republic4.33.7 - 5.110
-Greece4.33.9 - 4.79
-Namibia4.33.8 - 4.98
-Slovakia4.33.8 - 4.810
51Costa Rica4.23.7 - 4.77
-El Salvador4.23.5 - 4.86
-Latvia4.23.8 - 4.67
-Mauritius4.23.4 - 5.06
55Bulgaria4.03.4 - 4.68
-Colombia4.03.6 - 4.49
-Fiji4.03.4 - 4.63
-Seychelles4.03.5 - 4.23
59Cuba3.82.3 - 4.74
-Thailand3,83.5 - 4.113
-Trinidad and Tobago3,83.3 - 4.56
62Belize3.73.4 - 4.13
-Brazil3,73.5 - 3.910
64Jamaica3.63.4 - 3.86
65Ghana3.53.2 - 4.08
-Mexico3.53.3 - 3.710
-Panama3.53.1 - 4.17
-Peru3.53.1 - 3.87
-Turkey3.53.1 - 4.011
70Burkina Faso3.42.7 - 3.93
-Croatia3.43.2 - 3.77
-Egypt3.43.0 - 3.99
-Lesotho3.42.6 - 3.93
-Poland3.43.0 - 3.911
-Saudi Arabia3.42.7 - 4.15
-Syria3.42.8 - 4.25
77Laos3.32.1 - 4.43
78China3.22.9 - 3.514
-Morocco3.22.8 - 3.68
-Senegal3.22.8 - 3.66
-Sri Lanka3.22.7 - 3.67
-Suriname3.22.2 - 3.63
83Lebanon3.12.7 - 3.34
-Rwanda3.12.1 - 4.13
85Dominican Republic3.02.5 - 3.66
-Mongolia3.02.4 - 3.64
-Romania3.02.6 - 3.511
88Armenia2.92.5 - 3.24
-Benin2.92.1 - 4.05
-Bosnia & Herzegovina2.92.7 - 3.16
-Gabon2.92.1 - 3.64
-India2.92.7 - 3.114
-Iran2.92.3 - 3.35
-Mali2.92.3 - 3.68
-Moldova2.92.3 - 3.75
-Tanzania2.92.6 - 3.18
97Algeria2.82.5 - 3.37
-Argentina2.82.5 - 3.110
-Madagascar2.81.9 - 3.75
-Malawi2.82.3 - 3.47
-Mozambique2.82.4 - 3.18
-Serbia and Montenegro2.82.5 - 3.37
103Gambia2.72.3 - 3.17
-Macedonia, Rep. of2.72.4 - 3.27
-Swaziland2.72.0 - 3.13
-Yemen2.72.4 - 3.25
107Belarus2.61.9 - 3.85
-Eritrea2.61.7 - 3.53
-Honduras2.62.2 - 3.07
-Kazakhstan2.62.2 - 3.26
-Nicaragua2.62.4 - 2.87
-Palestine2.62.1 - 2.83
-Ukraine2.62.4 - 2.88
-Viet Nam2.62.3 - 2.910
-Zambia2.62.3 - 2.97
-Zimbabwe2.62.1 - 3.07
117Afghanistan2.51.6 - 3.23
-Bolivia2.52.3 - 2.96
-Ecuador2.52.2 - 2.96
-Guatemala2.52.1 - 2.87
-Guyana2.52.0 - 2.73
-Libya2.52.0 - 3.04
-Nepal2.51.9 - 3.04
-Philippines2.52.3 - 2.813
-Uganda2.52.2 - 2.88
126Albania2.42.1 - 2.73
-Niger2.42.2 - 2.64
-Russia2.42.3 - 2.612
-Sierra Leone2.42.1 - 2.73
130Burundi2.32.1 - 2.53
-Cambodia2.31.9 - 2.54
-Congo, Republic of2.32.1 - 2.64
-Georgia2.32.0 - 2.66
-Kyrgyzstan2.32.1 - 2.55
-Papua New Guinea2.31.9 - 2.64
-Venezuela2.32.2 -2.410
137Azerbaijan2.21.9 - 2.56
-Cameroon2.22.0 - 2.56
-Ethiopia2.22.0 - 2.58
-Indonesia2.22.1 - 2.513
-Iraq2.21.5 - 2.94
-Liberia2.22.1 - 2.33
-Uzbekistan2.22.1 - 2.45
144Congo, Democratic Rep.2.11.8 - 2.34
-Kenya2.11.8 - 2.48
-Pakistan2.11.7 - 2.67
-Paraguay2.11.9 - 2.37
-Somalia2.11.6 - 2.23
-Sudan2.11.9 - 2.25
-Tajikistan2.11.9 - 2.45
151Angola2.01.8 - 2.15
152Cote d'Ivoire1.91.7 - 2.14
-Equatorial Guinea1.91.6 - 2.13
-Nigeria1.91.7 - 2.09
155Haiti1.81.5 - 2.14
-Myanmar1.81.7 - 2.04
-Turkmenistan1.81.7 - 2.04
158Bangladesh1.71.4 - 2.07
-Chad1.71.3 - 2.16
Explanatory notes
* CPI Score relates to perceptions of the degree of corruption as seen by business people and country analysts and ranges between 10 (highly clean) and 0 (highly corrupt).
** Confidence range provides a range of possible values of the CPI score. This reflects how a country's score may vary, depending on measurement precision. Nominally, with 5 percent probability the score is above this range and with another 5 percent it is below. However, particularly when only few sources (n) are available an unbiased estimate of the mean coverage probability is lower than the nominal value of 90%.
*** Surveys used refers to the number of surveys that assessed a country's performance. 18 surveys and expert assessments were used and at least 3 were required for a country to be included in the CPI.

To get in-depth information visit:
Transparency International
 

AAA101

Senator (1k+ posts)
aur pakistan may intellects ka zor is baat per hia kay IK nay behi SKMH kay offshore investment behi tu ki wo kia teek hia lolzzz... jahil qoum yea nahi sochti kay IK nay nahi SKMH kay BOD nay ki aur kia unhonay nay investerment ko chopaya NS ki tarha ???? panama leak agar na hota tu kesi ko kabhi khabar na hoti NS KAY Secret offshore accounts kay baray main..... jab kay SKMH nay usi saal accounts may investment show kar die thie....

aik banda investment show kar raha hiaaa aur dosra chupa raha hia.... aur pakistani awam kay samanay dono aik barbar hain