Economics
Iceland’s Hardardottir Committed to Euro on Tighter Fiscal Ties
This article is for subscribers only.
Iceland’s Finance Minister Oddny G. Hardardottir said she’s committed to the island nation adopting the euro as the bloc will emerge stronger from its debt crisis amid tightening fiscal ties and discipline.
Iceland opened talks on joining the European Union in 2010, two years after the nation’s banking system and economy collapsed. The country, which has since relied on capital controls to protect its currency, is pushing ahead with membership talks as Europe struggles to contain a debt crisis.