By: Liz Hasseld
Iceland's new prime minister, is trying to get a parlimentary vote on membership of the European Union. The two parties of Iceland are at a disagreement. Social Democratic Alliance supports EU membership while the Left Green Movement opposes it.
The country is going through a financial crisis and many think the best way out is to embrace the euro. Iceland had one of the world's highest standards of living. Then global financial crisis caused the banks in Iceland to collapse.
Iceland's new prime minister, is trying to get a parlimentary vote on membership of the European Union. The two parties of Iceland are at a disagreement. Social Democratic Alliance supports EU membership while the Left Green Movement opposes it.
The country is going through a financial crisis and many think the best way out is to embrace the euro. Iceland had one of the world's highest standards of living. Then global financial crisis caused the banks in Iceland to collapse.
"Last October the government took control of Iceland's three largest banks and later received a $2.1bn (£1.4bn) loan from the International Monetary Fund (IMF)." The plan is to have the country's economy back under control in 2013.
I think Iceland should embrace the membership and use the euro. This is a step towards a more globalized world and could possibly prevent economic crisis like this one.
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