Iceland’s prime minister is prepared to resign and hold a snap election if he does not receive support from his governing coalition partner over leaked documents that showed he owned an offshore company with his wife.

Sigmundur Gunnlaugsson held talks Tuesday with Independence Party leader Bjarni Benediktsson to secure his backing, Icelandic news site Vísir reported. Gunnlaugsson faces a confidence vote Thursday.

His opponents are seeking his resignation because they say the offshore firm represented a major conflict of interest. Gunnlaugsson negotiated a deal for Iceland’s bankrupt banks at a time when he was a claimant in those banks.

“I have not considered quitting because of this matter nor am I going to quit because of this matter,” Gunnlaugsson told parliament on Monday amid massive protests in the capital Reykjavik. “It is important that the government can finish its work,” he said, referring to Iceland’s economic recovery. More protests were planned Tuesday… see more

source: usatoday