Economy - Voice of America: Iceland Turns Away from EU as Economy Recovers

Economy - Voice of America economy-and-business

Iceland Turns Away from EU as Economy Recovers Jul 9th 2012, 20:25 REYKJAVIK — When its banking system collapsed in 2008, Iceland applied quickly to join the European Union, thinking it could guarantee a safe future. But since then, the eurozone has gone into meltdown, and the Icelandic economy has recovered. Now opinions have changed. Four years ago, Icelanders were angry. Banks' emblems were burned in the street. People worried they would lose their houses, their savings. The country felt isolated. After 90 years of independence, Iceland applied to ... Media files: 8E50A43D-E456-46D7-B682-10975C9D9DB8_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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