Either I missed something or this is wildly inaccurate. The PM's party lost much support in this election, in particular the coalition they're in doesn't have

Either I missed something or this is wildly inaccurate. The PM's party lost much support in this election, in particular the coalition they're in doesn't have majority. This was expected. I find no Icelandic news about him resigning. On the contrary he says he's not going anywhere as the party leader for the Progressive party. NYT might have misunderstood the entirely customary "request for release from duty" that the PM makes to the president on behalf of his cabinet. This is a normal formality after a majority coalition loses parliament majority. The president (which in Iceland is just a figurehead) then usually asks the cabinet to remain until a new coalition has been formed, at which time he gives a new coalition agency to form a new cabinet. This is just normal procedure, and nothing newsworthy. Pirates tripled the number of seats since last election, but they have been polling much higher, towards 30% support on par with the Independence party. But, inaccurate foreign news of Icelandic politics seems more normal than accurate ones. (source: am Icelandic)