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.
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.
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The government of Iceland became the first in the world to
be effectively brought down by the credit crunch.
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.
