STOCKHOLM/REYKJAVIK, Oct 7 (Reuters) – Iceland’s central bank said on Tuesday it would peg the island’s crown to a basket of currencies at a level of 131 per euro effective immediately, confirming earlier reports.
Posts Tagged ‘euro’
Iceland c.bank says pegs crown to Euro
Posted by seumasach on October 8, 2008
Posted in Uncategorized | Tagged: bankrupt iceland, euro | Leave a Comment »
The party’s over for Iceland, the island that tried to buy the world
Posted by seumasach on October 5, 2008
An off-shore economy based on financial wheeling and dealing and extravagant consumption being forced to look for salvation in Europe and the euro: this is the spectre of Britain to be.
Tracy McVeigh
5th October, 2008
The snow has arrived early in Reykjavik after an unusually long and warm summer. The freeze has brought out the ghostly green haze of the aurora borealis – the Northern Lights – the shape of which shifts dramatically across the tiny city’s black skies.
Posted in Uncategorized | Tagged: euro, Iceland | Leave a Comment »
Iceland watch: Time to consider the euro
Posted by seumasach on September 22, 2008
17th August, 2008
See also:
Iceland’s currency crisis has reached a point where a senior government minister is suggesting the tiny island nationconsider adopting the euro.
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Iceland Facing Meltdown as the Credit Crunch Sinks its Currency
Posted by seumasach on May 23, 2008
The Euro is also the choice facing the Brits- although unlike the Icelanders the oligarchy has made sure no one is discussing this issue or even making reference to the sinking pound. Who will break ranks as inflation devours us?
May 22, 2008
Keith Fitz-Gerald(MARKET ORACLE)
Despite rising fast financially in the past few years, Iceland is feeling the chilly effects of the global credit crunch – so much so the fiercely independent island nation is considering European Union membership to save its tanking currency. A special report, jointly developed by U.K. affiliate MoneyWeek Magazine and our experts here at Money Morning, explores the pros and cons of Iceland’s potential EU membership. Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Tagged: euro | Leave a Comment »
In These New Times 