In an interview with Reuters TV, Iceland’s minister of business affairs, Gylfi Magnusson, noted that joining the EU was a controversial idea, particularly because of its fisheries policy which many Icelanders would not want to subscribe to.

“But if we want a credible currency with a credible central bank to back it up then the euro seems to be the most logical option,” he said.

From Reuters

Related posts:

1. Icelanders WILL Adopt The Euro
2. Iceland cbank change is key in new plan-president
3. Seriously?
4. Iceland should adopt sterling, not the euro
5. FACTBOX-Recent capital controls in emerging markets – Iceland