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Martin Wolf on currency issues of Iceland

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Uploaded on Nov 2, 2011

Martin Wolf's speech at Íslandsbanki VÍB conference about the opportunities of the Icelandic economy after crisis. In this video he argues that Iceland should be aware of adopting currency of another country. However, Iceland has flexibility and should regard if the other currency area has similar structure of economy. He mention the Canadian dollar as the probably most convenient currency for Iceland. Finally, he stresses that there is no need to join the EU for adopting the Euro.

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