RETROSPECTIVE: Ólafur Ragnar Grímsson, President of Iceland

Ólafur Ragnar Grímsson.

Ólafur Ragnar Grímsson. Photo: Iceland Monitor/Golli

In exactly one week’s time, Ólafur Ragnar Grímsson will formally step down as President of Iceland, after twenty years in the post.

Grímsson was born in 1943 in the West Fjords town of Ísafjörður. Educated in Reykjavik, he went on to graduate from the University of Manchester in economic and political science. In the early seventies, he lectured at the University of Iceland, subsequently becoming the country’s first professor in political science.

MORE: Iceland’s Grímsson one of world’s longest-serving Heads of State

The President with his current wife, Dorrit Moussaieff outside the ...

The President with his current wife, Dorrit Moussaieff outside the Iceland Parliament. Photo: Iceland Monitor/Eggert Jóhannesson

He entered Parliament as an MP for the left-wing People’s Alliance in 1978. Nine years later, he was leader of the party and served as Iceland’s Finance Minister 1998-91.

He was elected President in 1996, the first of five consecutive terms of office he would serve at the head of the country.

Grímsson with French President François Hollande.

Grímsson with French President François Hollande. Photo: AFP

Perhaps his most significant political interventions as President of Iceland came in 2010-11, when he twice vetoed government plans to repay British and Dutch savers who had lost money in Icesave. On both occasions, his veto was ratified by the Icelandic people in a referendum.

MORE: Politics in Iceland: A beginner’s guide

After initially announcing his intention to run for a sixth consecutive term, he eventually pulled out of the race in May this year. His successor is Guðni Th. Jóhannesson.

Grímsson with his first wife, Guðrún Katrín Þorbergsdóttir, at the ...

Grímsson with his first wife, Guðrún Katrín Þorbergsdóttir, at the presidential residence of Bessastaðir in 1997. Photo: Iceland Monitor/Rax

Grímsson has been an outspoken proponent of green energy and on issues such as climate change and Arctic cooperation.

He lost his first wife, Guðrún Katrín Þorbergsdóttir to leukaemia, in 1998. The couple had twin daughters in 1975. Grímsson remarried in 2000, to Dorrir Moussiaeff.

MORE: Will humanity pass the test?

Weather

Light drizzle

Today

2 °C

Rain

Later today

5 °C

Rain

Tomorrow

10 °C

Warning: Yellow More

Exchange rates

USD USD 124.34 EUR EUR 140.40
GBP GBP 158.91 DKK DKK 18.81
NOK NOK 14.61 SEK SEK 13.67
CHF CHF 123.42 JPY JPY 1.10
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.