Open

Coming up

Don't miss

Replay


LATEST SHOWS

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Hamas and Israel sustain fire despite missed targets

    Read more

  • France’s Kadri wins eighth stage at Tour de France

    Read more

  • Legal challenge to French mayor’s ban of Muslim hijab on beach

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Iraqi forces ‘executed prisoners in reprisal’ for ISIS killings

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Kerry holds all-night talks with Afghan presidential rivals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Cleveland's NBA fans hail 'return of king' LeBron James

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

Europe

PM prescribes EU membership to cure crisis

©

Video by Gulliver CRAGG , Marion GAUDIN

Latest update : 2009-02-04

As Iceland struggles to stave off bankrupcy, new interim Prime Minister Johanna Sigurdardottir recommended Tuesday that Iceland change its constitution to make it possible to join the European Union rapidly following early elections in April.

AFP - Icelandic Prime Minister Johanna Sigurdardottir said Tuesday joining the European Union and the eurozone would be the best option for the crisis-hit country.
   
"In my opinion, the best option is still to join the EU and adopt the euro," Sigurdardottir told reporters in Reykjavik.
   
Her comment came as the new left-wing interim government, in power since Sunday and made up of pro-EU Social Democrats and the EU sceptical Left Green party, examined different options for digging the country out of its deep economic crisis.
   
Finance Minister Steingrimur Sigfusson of the Left Green party said Tuesday another option was currency co-operation with non-EU neighbour Norway.
   
"We will certainly discuss this among other things," he told reporters.
   
Norwegian Finance Minister Kristin Halvorsen meanwhile told AFP in an email Tuesday that "a monetary cooperation" could be discussed during her visit to Iceland next week.
   
The new left-wing interim government took power on Sunday after the previous coalition resigned on January 26 following months of increasingly violent protests over the country's dire economic situation.
   
Thousands of Icelanders lost their savings and jobs after the country's once-booming financial sector crumbled last October, with Reykjavik forced to nationalise its major banks as the country's currency nosedived.
   
The Icelandic krona lost nearly half its value in 2008, and authorities have been scrambling to shore up the crumbling currency and avoid national bankruptcy.
   
While in the previous coalition government, the Social Democrats had called for a referendum within months on joining the EU.
   
The new government programme presented Sunday called only for a report on the prospects of joining the union to be published by April 15.
   
A party spokesman said Monday the new government aimed to change the constitution to make it possible to rapidly join the EU following early elections proposed for April 25.
   
Iceland, which is a member of the European Economic Area and already meets much of the EU's membership criteria, could see its application fast-tracked to make it a member of the bloc, EU Enlargement Commissioner Olli Rehn told British daily The Guardian last week.
 

Date created : 2009-02-04

Comments

COMMENT(S)