Iceland's long-serving president quits

Iceland's President Olafur Ragnar Grimsson, pictured in October, has said he will step down after two decades in powerIceland’s president announced Friday he was stepping down after 20 years in the job, paving the way for a presidential election in June. Olafur Ragnar Grimsson, 72, said in his New Year’s message that he had decided not to stand for re-election after five consecutive terms beginning in 1996. The president in Iceland has limited powers.

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