Greenland – DEMAGAGA

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Iceland and Greenland Discuss Adopting the Canadian Dollar as National Currency

May 16, 2012
bankruptcy
Canada
Canadian Dollar
Currency
Europe
fiscal stability
Greenland
Heidar Gudjonsson
Iceland
Iceland bankruptcy
Iceland financial crisis
Icelandic bankruptcy
Krona
loonie
monetary policy
Monetary Union
Norway
Progressives
seignorage
Social Democrats

The economic downturn has claimed many victims: individual citizens, corporations, countries and potentially entire monetary unions (such as Greece in the euro). Iceland is no stranger to economic hardship, becoming the first nation to declare sovereign bankruptcy in years when it did so in 2008. In order to jumpstart the economy, use of the loonie […]