Denmark, Iceland look again at euro as crisis takes its toll
27 October 2008, 23:50 CET EUbusiness.com
(STOCKHOLM) – Denmark and Iceland, two of the four Nordic countries still outside the eurozone, have begun seriously debating swapping their currencies for the euro as they take a beating in the global financial crisis.
“The issue of Europe and the euro is directly linked to the crisis,” the head of Iceland’s Institute of Economic Studies, Gunnar Haraldsson, told AFP.
Norway and Sweden have been less affected by the financial turmoil and debate there has been muted, while Finland is the only Nordic country to be a member of the eurozone. Read the rest of this entry »