Iceland says it will put EU membership to referendum by 2027
www.euronews.com
Iceland has traditionally been ambivalent about joining the bloc but issues like the 2008 financial crisis, Brexit and a range of domestic issues has meant the country is slowly warming to the idea of membership. #EuropeNews

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.

  • queermunist she/her@lemmy.mlEnglish
    4·
    1 day ago

    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.

    • john89@lemmy.caEnglish
      2·
      5 hours ago

      Awful take.

      Instead of printing money, they should be raising taxes on their wealthiest.

      • queermunist she/her@lemmy.mlEnglish
        1·
        20 minutes ago

        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.