Iceland's Fridriksson on monetary policy

In the speech 'Monetary policy and its implementation' given on 20 February Ingimundur Fridriksson of the Central Bank of Iceland said the central bank has already stated its view that adopting the euro would be imprudent except by joining the EU.

"Even though Iceland were to decide to apply for EU membership, it would not be able to enter into the Monetary Union until several years later, after fulfilling all the accompanying conditions which include criteria for inflation, interest rates and

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