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Panama Papers: Fisheries minister announces he’s Iceland’s new PM

WATCH ABOVE: Iceland's prime minister Sigmundur David Gunnlaugsson officially resigned on Thursday after alleged involvement in the Panama Papers scandal. Sigurdur Ingi Johannsson has taken over as new prime minister – Apr 7, 2016

REYKJAVIK, Iceland — Iceland’s fisheries minister emerged from the president’s residence Thursday and announced he has become the island nation’s new prime minister after days of political turmoil.

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Sigurdur Ingi Johannsson told reporters that he had secured President Olafur Ragnar Grimsson’s formal backing after his predecessor resigned because of embarrassing links to an offshore account.

WATCH: Iceland PM walks out on interview after being questioned about Panama Papers allegations

“This is a good thing” that will allow the center-right governing coalition to continue its policies, he said.

“This is of course an exciting opportunity, but it’s under bizarre circumstances,” said Johannsson, a 53-year-old who has combined his work as a veterinarian with his political career. “It is me as prime minister, but it’s important to be humble. It is a big task ahead to boost the confidence in politics and politicians. ”

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 Johannsson said he doesn’t think the offshore accounts scandal brought on by a massive leak of financial documents held by a Panamanian law firm has damaged Iceland’s reputation.

“We have been in bad cases before and we got through it,” he said.

WATCH: ‘We’re a laughing stock’ says Iceland MP in wake of PM’s attempt to dissolve government

But his coalition faces a stiff challenge in parliament from opposition parties that are demanding an immediate election.

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The opposition introduced a no-confidence measure Monday aimed at then-Prime Minister Sigmundur David Gunnlaugsson, who has since resigned, but now propose a vote against the entire coalition government.

Gunnlaugsson has denied doing anything illegal and said he and his wife — also linked to the offshore account — paid all their taxes. He plans to remain in parliament and keep his post as party chairman.

A small group of protesters gathered outside the president’s residence Thursday while the new prime minister and other Cabinet ministers were inside — but there was no sign of the rousing protests held in Reykjavik for the last three days.

WATCH: Thousands rally in Iceland after release of Panama Papers ignites controversy for PM

 

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