Icelandic PM: "Iceland is not on its way to join the EU" Featured

The prime minister of Iceland, Sigmundur David Gunnlaugsson, gave a speech at the Annual Business Forum 2014 that took place earlier today. The PM for example said that "Iceland is not on its way to join the EU" and "Iceland is open for business, but the store is not for sale".

Today, February 12th, The Iceland Chamber of Commerce held its annual Business Forum under the heading of "Open for Business – Strengthening Iceland’s International Sector" at Hilton Reykjavik Nordica. The keynote speaker was Mr. Sven Smit, Managing Director for McKinsey & Company in Europe.

Among other speakers were Mr. Arni Oddur Thordarson, CEO of Marel, Mr. Illugi Gunnarsson, minister of education, and Robert Wessman, CEO of Alvogen.

Many managers of large firms in Iceland have said that it is next to impossible to run a company in Iceland while the capital controls are in place. The best way to lift the capital controls, and to insure future stability in Iceland, is to join the European Union and toss the ISK for euros. But when it came to European matters, the message from the PM was clear: "Iceland is not on its way to join the EU". When the minister was asked if Iceland was open for business, he replied "Yes, Iceland is open for business but the store is not for sale".



Last modified onWednesday, 12 February 2014 22:39
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