There is a presidential election this summer. The Icelandic President holds more somewhat more power in the legislative process than presidents in other European countries, as the Icelandic constitution was heavily based on the Danish constitutional monarchy and is basically bicameral with a parliament and a president.
The current president Ólafur Ragnar Grímsson has been in power for 20 year. He had announced not to run again, but changed his mind this week, citing the recent "unrest" and need for stability as a reason.
To me the current president is an example of Icelandic exceptional thinking. He praised the banks and speculators who ended up ruining the Icelandic economy as entrepreneurs and risk takers describing their high risk business tactics as unique Icelandic adventurism that can set an example for other businesses.
He repeated the "Iceland as an example for the world" sentiment in a speech in March. This time he was referring to the unique Icelandic creativity, naming the Jungle Bar, a snack bar made out of insects as an example:

I was present at an awards ceremony when the design award was given to some guys who have made insects into food. We have 9 billion people in the world, and one of the key solutions to food security and hunger in the world is that we start looking at the insects in a new way. There’s a fundamental challenge in the world regarding health and poverty, and it took the design people to put it on the map in this way.
http://grapevine.is/news/2016/03/18/icelandic-president-praises-pirate-party-as-political-innovators/

Insects as food, invented in Iceland in 2016, going to solve world hunger. Head meet desk.