21 votes

Drawbacks to Iceland having its own currency likely exceed the benefits, the country's Finance Ministry said, citing the conclusions of a government-commissioned report

Posted by mycketforvirrad
Tags: iceland, politics, policy.fiscal, currency, icelandic krona, prime ministers, kristrun frostadottir, reports.government, banks.central, sedlabanki islands, interest rates, inflation, costs, borrowing, business cycles, boom and bust, geopolitics, trade.international, euro, european union, author.ragnhildur sigurdardottir, author.ott ummelas, source.bloomberg, paywall
https://www.bloomberg.com/news/articles/2026-05-29/iceland-s-own-currency-costs-outweigh-benefits-ministry-says

5 comments

  1. [5]
    EpicAglet
    Link
    I can't read the article, but I assume it is the finance minister arguing in favor of adopting the Euro on EU membership? Good. From what I understood, the currency and fishing rights were the...

    I can't read the article, but I assume it is the finance minister arguing in favor of adopting the Euro on EU membership?

    Good. From what I understood, the currency and fishing rights were the main reasons Iceland put the negotiations on hold. So that would make it significantly easier to join

    5 votes
    1. [4]
      mycketforvirrad
      Link Parent
      This is an archive.ph link.

      This is an archive.ph link.

      4 votes
      1. [3]
        EpicAglet
        Link Parent
        Thanks. I tried that though. It seems like archive does not want to load for me. archive.is and archive.today don't load either. I assumed it's down for everyone, but maybe it's only for certain...

        Thanks.

        I tried that though. It seems like archive does not want to load for me.

        archive.is and archive.today don't load either.

        I assumed it's down for everyone, but maybe it's only for certain users. I believe that has been the case in the past

        4 votes
        1. [2]
          mycketforvirrad
          Link Parent
          Yeah. I had the link saved in my folders from yesterday, but did notice it dawdling to open upon returning to it today. Sigh.

          Yeah. I had the link saved in my folders from yesterday, but did notice it dawdling to open upon returning to it today. Sigh.

          2 votes
          1. EpicAglet
            Link Parent
            It loads again. So it appears that it was just down temporarily

            It loads again. So it appears that it was just down temporarily

            3 votes