How will Icelands economy change, post-crash?
In future, the Icelandic economy will be based on sustainable use of its fishing stocks and energy resources, and the ingenuity and strength of its well-educated, vibrant, young population. The economy will not return to the flammable combination of high leverage and unbridled risk-taking that drove us into the financial crisis we are now overcoming. Our international competitive sectors, including tourism, have rapidly become more important over the past 12 months. These sectors will continue to be of high importance and push the economy onwards to rapid recovery. Most importantly, we are restructuring a more stable economy that is returning to its roots as a Nordic welfare state. To this end, I put great faith in the EU accession negotiations that we hope will start in early 2010. Membership of the European Union and adoption of the euro would secure the already extensive success we have made in restructuring and rebuilding our economy. What benefits would EU membership bring? Our go
