The incoming administration of Prime Minister Kristrún Frostadóttir, which takes over on Sunday, also said it will set up a panel of experts to look into the advantages and disadvantages of retaining the Icelandic crown over adopting the Euro.
I wish the US could join the EU.
What makes you think they would want the US to join?
Making the world a better place by holding the US to higher standards.
Will this make Iceland a less attractive VPN jurisdiction?
Background: Iceland is already a member of the European Economic Area, the European Free Trade Association and the Schengen border control area, and has sent an application for EU membership in 2009.
Accession negotiations proceeded at a careful pace, until the application was withdrawn in 2013 after a change of government.
Discussions about holding a referendum (to decide about restarting negotiations) have been ongoing since 2017.
What a name, “the daughter of frost”!
Welcome if you chose to join!
Technically, the daughter of Frostí, which is a recognised masculine name in Iceland. And also her father’s name: they don’t use family names in Iceland (other than about 7 surnames grandfathered from the Danish colonial era, but those are uncommon), and people have one or two given names and a patronym, a system which has so far scaled well enough for Iceland.
And also her father’s name: they don’t use family names in Iceland
Why is Iceland so based in everything*?
*This is the same system we use in the Arab/Muslim world and I thought only we had it.
Yeah, I saw the í but well.
It’s like the old swedish minister of justice, Gun Hellsvik (hellsweek).
Do they always switch the last name in Iceland? Like many places has “son of” like Svenson in Sweden, but it became a family name so it doesn’t change any more.
Sweden only made the change gradually about a century ago, with it happening first in urban areas. The merchant Clas Ohlson, after whom the dry goods chain is named, was the son of Olle something-other-than-Ohlson, and the first in his line to make their surname a family name.
Surnames that describe the individual (“son of Olaf”, “the blacksmith”, “from up the river”) work fine in small-scale societies, but are a problem for bureaucracies and other systems. IIRC, a lot of the pressure for standardised family names in Europe was to make things like taxation and conscription more manageable.
I also heard that for a long time people didn’t have family names at all, but it became all the rage in like 1700 century or something.
Hope they don’t adopt the Euro. Maintaining currency sovereignty is vital to being able to actually run an effective government. Without the ability to print money they’re forced to “balance the budget” and that always means austerity.
Awful take.
Instead of printing money, they should be raising taxes on their wealthiest.
Printing money does raise taxes on the wealthy. Inflation is a tax on every person with currency. If you print money and give it to the poor to make up for the real value they’re losing to inflation, the tax falls on the wealthy.
Err… the thing about printing money and giving it to the poor is that the wealthy people who own the companies will raise prices to overcompensate for the increase in currency available.
I keep saying: inflation is how the ruling class recoups any gains the working class has made, with interest.
Prices are set by the market. They can only charge as much as people will pay.
Obviously currency sovereignty isn’t the only tool to redistribute wealth, but it’s one of them! Do you not understand how much austerity is caused directly by governments not being able to print money to fund the government?
If a country using the Euro wants to build public housing, it has to raise taxes or cut spending. If a country with currency sovereignty wants to build public housing, they just print money.
Maybe don’t use “Iceland” and “slowly warming” in what seems to be a positive story?
You get downmodded but I felt the same way.
At a glance one might read they are literally warming up and want to join the EU for help.
