Iceland considers Canadian dollar instead of euro

Given the fact that the Canadian dollar at this time is probably the most responsibly run currency on earth at the moment, this should be less surprising than it seems. Certainly less amusing.

EU Observer:

  • Iceland might ditch the kroner for the Canadian dollar (Photo: Magnus Fröderberg / norden.org)

Iceland considers Canadian dollar instead of euro

Today @ 09:24

By Nikolaj Nielsen

BRUSSELS – Iceland’s Prime Minister Johanna Siguardardottir has said the tiny Nordic country faces a choice between using the Canadian dollar or the euro.

“The choice is between surrendering the sovereignty of Iceland in monetary policy by unilaterally adopting the currency of another country, or becoming a member of the EU,” she said in a speech at the Social Democrat Alliance party convention on Saturday (10 March) in Reykjavik.

A spokesman for the country’s foreign ministry on Wednesday clarified that, for her part, EU membership is the best option.

Iceland is expected to hold a referendum on EU membership early next year, but the euro-crisis has shaken confidence in the Union as an economic safe haven.

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About Eeyore

Canadian artist and counter-jihad and freedom of speech activist as well as devout Schrödinger's catholic

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