Iceland

Iceland Not Decided on Euro Membership

Not looking like such a good idea nowadays

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The head official of Iceland's central bank has said that whether or not his country adopts the euro will depend on the outcome of the current eurozone crisis.

Governor Mar Gudmundsson said on behalf of the Iceland Central Bank (Seðlabanki Íslands) that Iceland's effort to become a member of the eurozone could not take place until both the euro and the Icelandic krona have finally stabilised.