Iceland Envious of Euroland
Few developed world economies were hit as hard in the economic crisis as wee Iceland's. But could adopting the euro ward off future blows to the country's financial system?
Gallup says the answer is moderate "yes." When the national tender, the krona, fell 45% in value against most major currencies last year, Icelanders saw their assets plummet. Tens of thousands were laid off and a critical immigrant labor supply flew back to mainland Europe overnight
A slow recovery has begun, but the country's GDP is expected to shrink 10% in 2009. Looking for a way out, sixty percent of the country, according to Gallup, is ready to dispense with the krona for good.
Long protective of an independent economy, Icelanders, like Norwegians, have been reluctant to join the Eurozone for fear of what restrictions it might bring to their lucrative fishing and gas industries.
But those times might be over. Iceland has just elected a pro-E.U. coalition government.
Eurozone expert Pasquale Bova reflected on the advantageous economic cohesion among Eurozone countries for Big Think.
New research offers a tip for politicians who don’t want to be seen as corrupt: don’t get a big head.
- New research offers a tip for politicians who don't want to be seen as corrupt: don't get a big head.
- A new study showed people photos of politicians and asked them to rate how corruptible each seemed.
- The results were published this week in Psychological Science by researchers at Caltech.
These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.
We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.
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