Iceland's president bows out of reelection bid

Reuters News
Posted: May 09, 2016 8:19 AM

REYKJAVIK (Reuters) - Iceland's longest serving president will not run for a sixth term in June, the president's office said on Monday, reversing a decision after being caught up in political upheaval caused by the Panama Papers scandal,

Olafur Ragnar Grimsson has been president since 1996. He had received criticism after his wife's family was linked to holdings in tax havens made public in the Panama papers.

(Reporting by Stockholm newsroom)