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Loonie support grows in Iceland as 70% back adopting Canadian currency

Posted by seumasach on March 13, 2012

As Cameron and Obama lick their wounds over the failure of the anti-Euro project they will be eager to consolidate an Atlantic zone including Iceland. Iceland faces a choice between Europe and the Anglosphere.

Financial Post

12th March, 2012

Iceland appears to be increasingly open to adopting the Canadian dollar as its official currency, with Prime Minister Johanna Sigurdardottir warning over the weekend that the country’s own extremely volatile currency system “can’t remain unchanged.”

“The choice is between surrendering the sovereignty of Iceland in monetary policy by unilaterally adopting the currency of another country, or become a member of the EU,” Ms. Sigurdardottir said in a speech delivered at a Social Democrat Alliance party convention Saturday in Reykjavik.

Last month, a Capacent Gallup poll found 26.3% of Icelandic voters support European Union membership while 56.2% were opposed to the idea.

That leaves the door open to other currencies.

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