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Iceland’s Finance Minister Swaps Position With Foreign Minister

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Iceland’s finance minister, who resigned this week on conflict-of-interest grounds, will swap positions with the nation’s foreign minister, the government announced on Saturday.

Thordis Kolbrun Reykfjord Gylfadottir, foreign minister since 2021, takes over at the finance ministry from Bjarni Benediktsson, who quit in a scandal over the sale of the state’s shares in Islandsbanki hf, where his father was among the investors.

“We will rise under the responsibility we took two years ago and finish these tasks,” Jakobsdottir said, adding that the government “stands on firm ground.” Benediktsson defended the move to simply change positions with Gylfadottir, which was criticized by Iceland’s opposition as inadequate. given the conflict of interest breach. A majority of respondents in a Gallup poll also had a negative opinion on the job-swap.

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