[iceland] euro gets its foot in the door

The Iceland Stock Exchange (ICEX) suggested this week that Icelandic companies should have the right to register their stocks in Euros rather than in the Icelandic Krona. Thórdur Fridjónsson, director of ICEX, told Fréttabladid that registering stocks in Euros has both pros and cons.

For companies that mostly invest abroad, Euros are the better choice, but if they have the biggest part of their investments in Iceland, they should stick with the Krona, he explained. As the Icelandic Krona is more prone to fluctuations than Euros, registering stocks in Euros is a tempting choice, and a fluctuating currency does not attract foreign investors to Iceland.

This is precisely the problem which beset Russia [although it was dollars, not Euros] until Yeltsin and Putin took measures which haven’t eliminated it but have at least stemmed the tide. All goods must officially be sold and bought in roubles.

As the rest of Europe and others all flock to the EU, the British people alone stand up for their currency but Tony Blair has long sold them down the drain, behind their backs. This blog believes that at the end of his term in office, Tony Blair should be tried for treason and if found guilty, hanged in a televised ceremony.