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Originally Posted by Neil  Still, at least my planned trip to Reykvik next year should be considerably cheaper. They'll probably be on the Euro by then though. |
I wouldn't bet on it being much cheaper - they still have to pay for their imports in hard currency, and given that no-one is going to lend them any money at a decent rate, things are still going to remain stupidly expensive there.
As for them and the Euro - apparently their economy is increasingly functioning in Euro anyway - with wages and high value goods all being done in Euro. I wouldn't be surprised if they end up keeping their currency pegged to the Euro - as it's quite surprising that it wasn't pegged in the first place.
I wonder if we'll see a bid by Iceland to join the EU now? But of course, without Lisbon, there's no way they could join...