IDEAS home Printed from https://ideas.repec.org/a/vrs/foeste/v10y2011i1p110-119n4.html
   My bibliography  Save this article

The Global Financial Crisis and the Problem of Iceland's Membership in the European Union

Author

Listed:
  • Busch Magdalena

    (Faculty of Economics and International Relations, Cracow University of Economics, Rakowiecka 27, 31-510 Cracow)

  • Molendowski Edward

    (Departament of International Economic Relations, Cracow University of Economics, Rakowiecka 27, 31-510 Cracow)

Abstract

The article is an attempt of showing how the global economic crisis has influenced the Icelanders attitude towards the European Union membership. The possible consequences of the accession for Iceland and the European Union as well are also presented. It was untill 2008 that the Icelanders had not considered the matter of European Union membership, the more so the prospect of adopting the euro. It turns out that the global economic crisis, which affected the Icelandic economy really badly, changed the goverment's and Icelandic society attitude towards integration with European Union to a large extent. In July 2009 Iceland officialy applied for the membership in the European Union. However, it turned out quickly that the fears about securing the crucial sectors of Icelandic economy in the future accession treaty are beginning to dominate.

Suggested Citation

  • Busch Magdalena & Molendowski Edward, 2011. "The Global Financial Crisis and the Problem of Iceland's Membership in the European Union," Folia Oeconomica Stetinensia, Sciendo, vol. 10(1), pages 110-119, January.
    • Handle: RePEc:vrs:foeste:v:10:y:2011:i:1:p:110-119:n:4
    DOI: 10.2478/v10031-011-0004-3
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/v10031-011-0004-3
    Download Restriction: no
    File URL: https://libkey.io/10.2478/v10031-011-0004-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:foeste:v:10:y:2011:i:1:p:110-119:n:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.