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"Stable since the last crisis" is not very convincing. In the EU they would enjoy lower interest rates, a more stable currency and voting rights. The last bit w
by spiderfarmer 2y ago
"Stable since the last crisis" is not very convincing. In the EU they would enjoy lower interest rates, a more stable currency and voting rights. The last bit will help negotiations about trade a lot.
Simply put, they want an inverse Brexit.
- bluGill 2y agoNothing stops them from just adopting the euro or dollar. It isn't common but some countries have adopted an external currancy.
- Symbiote 2y agoWhat do you think about the suggestions in the article for why this isn't ideal?
- bluGill 2y agoI'll admit to skiphing section that discuss details that don't interest me but I did't find them. in any case nothing is ideal anyway. The question is what set of pros and cons are the best compromise. That is something for the people of Iceland to answer not outsiders like me (and perhaps you)
- notahacker 2y agoIf you're going to adopt the Euro to get the benefits of improved trade with the rest of Europe, you might as well join its trading bloc and get votes on its regulatory bodies at the same time...
- bluGill 2y agoThere are pros and cons to that. The euro isn't just about trade, it means your own government cannot manipulate currency (see the banking crisis) and may bring better interest rates.