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Richard Werner: Why EU Membership Would Be a Grave Mistake for Iceland | S04E53

Professor Richard Werner warns Icelanders against surrendering their monetary sovereignty by joining the European Union and eventually adopting the euro.In this wide-ranging interview, recorded ahead of Iceland’s referendum on reopening EU accession negotiations, Werner argues that joining the euro would be one of the worst economic decisions Iceland could make. By abandoning the Icelandic króna, he says, the country would give up control over monetary policy, lose its ability to respond independently to future crises and place crucial economic decisions in the hands of the European Central…

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