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Iceland Ponders EU Membership as the Credit Crunch Sinks its Currency
Editor’s Note: Despite rising fast financially in the past few years, Iceland is feeling the chilly effects of the global credit crunch – so much so the fiercely independent island nation is considering European Union membership to save its tanking currency. A special report, jointly developed by U.K. affiliate MoneyWeek Magazine and our experts here at Money Morning, explores the pros and cons of Iceland’s potential EU membership.
If you think the credit crunch is hitting the United States and United Kingdom hard, spare a thought for Iceland.
Banks all over the world have spent much of the past few years devouring…
22May2008 | Money Morning | Comments Off | Continued
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