Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-109"
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"en.20100707.7.3-109"2
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"Madam President, Iceland is a small island country, one of the oldest democracies in Europe, with one of the most robust economies in the world. It recently found itself in the eye of the storm of the international financial and monetary crisis. It saw its biggest banks collapse and watched its national currency slump, resulting in an increase in unemployment and the number of companies going bankrupt, as well as high interest rates.
As such, there is a direct and urgent need today to organise the financial supervision system and deposit guarantee system. The fact that Iceland has ambitions to accede to the European Union sends a message of confidence to the European construct.
Its accession will clearly be easier than Turkey’s, because Iceland is a member of the European Economic Area, is a fully democratic country, and has adopted most European legislation. Its participation in the European Union will raise the European Union’s profile in the Arctic and open up a new chapter of two-way communication on fisheries and whaling issues."@en1
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