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… SHARETHIS.addEntry({ title: "Iceland Ponders EU Membership as the Credit Crunch Sinks its Currency", url: "http://jutiagroup.com/2008/05/22/iceland-ponders-eu-membership-as-the-credit-crunch-sinks-its-currency/" });