Rhein on Energy and Climate

Archives for Iceland

Thanks to the Euro, members of the Euro-zone have been able to weather the international financial crisis much better than those outside the euro-zone. Hungary and UK, not to mention Iceland, have seen their currencies coming under pressure for devaluation, as they lacked the solidity and solidarity of the single currency. It is therefore not… » read more

Posted by Eberhard Rhein

Geir Haarde, the Icelandic Prime Minister has constituted a commission to examine the possibilities for EU membership. His Independence Party will consult on membership as soon as January 2009. This development comes in the wake of the collapse of the Icelandic banking system, which has profoundly shaken the country. A formal request for membership would… » read more

Posted by Eberhard Rhein