Iceland’s Minister of Commerce Bjorgvin Sigurdsson has resigned, two days after the prime minister announced his own departure due to pressures from the island nation’s economic collapse.
Mr Sigurdsson, a member of Iceland’s junior Social Democrat coalition party, made the announcment at a news conference this morning.
‘I have decided to do this to take responsibility,’ he said.
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Prime Minister Geir Haarde shocked the country on Friday when he said he would not seek re-election and called for a general election on May 9.
The government of Iceland became the first in the world to be effectively brought down by the credit crunch.
- A d v e r t i s e m e n t
It came after several nights of rioting over the financial crisis.
A poll would not normally be held until 2011.
Mr Haarde also revealed that he had been diagnosed with a malignant tumour of the oesophagus and would not seek re-election.