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18.09.2012 | 19:00

Iceland Central Bank: Euro Adoption Unlikely Amidst Crisis
The Central Bank of Iceland published a 622-page report, which provides detailed analysis of Iceland's currency and exchange rate policy options, yesterday.

centralbank_ipa
The Central Bank of Iceland. Photo copyright Icelandic Photo Agency.

Among the report's conclusions was that Iceland, which EU membership talks are ongoing, cannot consider a currency switch until both the Icelandic króna and the euro have stabilized, businessweek.com reports.

Minister for Industry and Innovation Steingrímur J. Sigfússon told ruv.is that it is important to continue to prepare for a future with the króna, given that no agreement has been made otherwise.

Click here to read more about Iceland's EU membership talks.

ZR

sigmundurdavidgunnlaugsson_althingiChairman of the Progressive Party Sigmundur Davíð Gunnlaugsson will become Iceland’s next prime minister and leader of the Independence Party, Bjarni Benediktsson, will take up the position of Minister of Finance and Economic Affairs, as reported in the Icelandic media yesterday.  more

rvkmusicmess2013_posterThe festival Reykjavík Music Mess kicks off at KEX Hostel in the center of the capital with an opening party on May 23 at 8 pm. An art exhibition themed around the participating bands will open at the occasion and Boogie Trouble will play a few songs. Entry is free.  more

althingi-backyard_pkCoalition talks between the Independence and Progressive Party are in the final stages, set to be completed today or tomorrow, and a decision on a new government for Iceland is expected to be announced tomorrow or on Tuesday.  more

eurovision_iceland_entry_2013Actors staging Angels of the Universe at the Icelandic National Theater last night took a short break in the performance in order to be able to watch Eyþór Ingi represent Iceland at the Eurovision semifinal.  more

















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ir0213_coverThe 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.  more



REVIEWS
reykjavik_shorts_and_docs_2013The 11th Reykjavík Shorts & Docs. Catch it while it lasts!  more

fida_abu_libdeh_and_burkni_palsson_psFida Abu Libdeh moved to Iceland from East Jerusalem at 16, made her way through the Icelandic education system and now runs a promising startup company.  more

reykjavik_arts_festival_2013The 27th Reykjavík Arts Festival starts this week.  more

Click for Reykjavik, Iceland Forecast 




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