Iceland's long-serving president says he will not be seeking re-election this year after leading the country for 20 years.
Ólafur Ragnar Grímsson said in his New Year's speech on Friday that it was the right time to step down because many political uncertainties — including Iceland's application for European Union membership and its recovery from economic collapse — have been resolved.
Ólafur Ragnar Grímsson said in his New Year's speech on Friday that it was the right time to step down because many political uncertainties — including Iceland's application for European Union membership and its recovery from economic collapse — have been resolved.