Icelandic economy

asked whether it was time for Iceland to get under the EU umbrella she replied :

Right now I would say it looks like it’s the only way.

I have talked to hundreds of start-up companies seeking to help Iceland remould its economy, formally based around fishing, in the hope of stopping large-scale and non-environmentally friendly exploitation of its energy reserves, such as through the recent setting up of massive aluminium smelters

All those I have spoken to say that at the top of the list, they need the euro to stabilise the currency, so I would go for that, because Icelandic unemployment could hit 20 percent by Christmas.

CoolPlanet conference in brussels, November 2008