Icelandic finance minister backs euro switch

Iceland could adopt the euro

Iceland's finance minister called for the country to adopt the euro in a speech at the central bank's annual general meeting yesterday.

Katrín Júlíusdóttir said switching currencies would help shackle inflation and provide a much-needed injection of foreign direct investment from other eurozone countries that would help Iceland to "earn more than we spend".

"We should strive for a stable exchange rate and stable price levels, while at the same time reducing our debt so that we can at the

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