To restart an icy economy and free its citizens from strict Soviet-style money controls, all Iceland needs is a single planeload of Canadian dollars, a pair of Iceland economists told a packed Bay Street conference room Monday afternoon. “It would fit nicely in a small plane, we just have to make sure it doesn’t get lost on the way,” said Heidar Gudjonsson, an investment manager and the chairman of Iceland’s Centre for Social and Economic Research. (via n, r)
Is that really what loonies look like now? I feel like I’ve been gone forever! Also, I don’t know enough about economics or business or money or anything to even hazard a guess if this is legit a good idea. I certainly don’t think taking the Euro is cos … well, Ireland. And who on earth would choose an American dollar these days?! Also, Canada’s economy isn’t great either and there’s a load of rampant douchebags running that country right now (Jack Layton, we miss you!). I had no idea countries could just take other countries’ currencies. Mad. So, yeah, like I said, I actually have no clue whether this is even remotely desirable for anyone involved, but I think it would be funny. When I go back to Canada, I can travel to Iceland easier!
Yep, this is Canada’s greatest advantage: in times of crisis, it excels at being less fucked than its peers :)
I had no idea that Canada has the highest population of Icelanders/Icelandic descent in the world outside Iceland. Pretty cool.
Cool. Like the northern climate (used to be?) :)
I do have a fondness for Iceland, they have an awesome nature & history!