Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-03-Speech-2-409"
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"en.20090203.22.2-409"2
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".
This has definitely become a matter for very intensive discussions which we could not have imagined a year ago. We could not have imagined discussing the potential radical changes in EU-Iceland relations. The question is what impact an Icelandic adoption of the euro – without Iceland joining the EU – would have on EU-Iceland relations.
Let me first stress that currently, as we speak, there is an intense debate ongoing in Iceland on its relations with the EU, including the issue of European Union membership. The Commission is closely following this debate.
The question of Iceland applying for EU membership is entirely for the Icelandic people to decide and, should there be an application from Iceland, the Commission and the Member States will act according to the established procedures as laid down in the Treaty. I can assure you that we will handle the application as expediently as possible.
As regards the specific question of Iceland adopting the euro without joining the EU, of course Iceland can unilaterally take such a decision but it should be clearly stated that it is the Commission’s firm view, as well as a view of the European Central Bank, that unilateral ‘euro-isation’ is not a desirable political option for Iceland. Such a move would not have a positive impact on EU-Iceland relations.
Iceland is a potential applicant for EU membership, thus Iceland should pursue long-term monetary integration with the euro area only in the context of an EU membership perspective. This means that Iceland should adopt the euro only after accession to the EU, after fulfilling the conditions set out by the Treaty."@en1
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