| Iceland’s fear of the euro collapsing has caused one of Iceland’s political parties to openly suggest the idea of going Canadian and dropping the idea of EU membership and currency. |
Iceland just went through economic hell thanks to borrowing in other peoples' currencies.
They were thinking about joining the euro, but that idea is flagging. Good!
But now they openly discussing adopting the Canadian dollar as their currency.
Haven't they learned anything???
If Iceland keeps doing this stuff they won't need to wait for a really big volcanic eruption to wipe them out. They'll do it to themselves.
4 comments:
Might there not be a problem for very small countries having their own currencies?
The Bank of Canada, for its part, says it will be glad to sell Iceland all the Canadian notes and coins it wants.
In exchange for what? The article doesn't say. But that's the key to whether the (stupid) scheme has a chance of even being implemented.
Fools
Is Iceland a value, you be the judge:
Hotel in the boonies:
http://www.hotelranga.is/IS/Menu/
Menu:
1st Course Fish Soup: $18.00
(Iceland... fish soup??????)
Main Course: Icelandic Cod: $33.oo
(Cod?? In Iceland?? $33???... Cod??)
dessert: Cheese platter: $16..(Cheese?)
Wine: ???? Has to be imported I cant imagine....
This STILL seems expensive... I would like to go there but it seems expensive in USD terms....
Resp,
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