Vinsamlegast notið þetta auðkenni þegar þið vitnið til verksins eða tengið í það: http://hdl.handle.net/1946/1625
The institutions and framework of the European monterary system : what are the options for Iceland?
In this thesis the institution of the European Union concerning the Euro currency are described and so too are the legal requirements which States must fulfil if they intend to adopt the Euro. The institutions of the Economic and Monetary Union will be examined, as will the process of how decisions are taken within these institutions. Discussions about the possibilities of Iceland in adopting the Euro have been increasing recently, these possibilities will be looked upon from the legal and political perspective. Officials of the European Union have been absolutely clear in their statements concerning unilateral adoption of the Euro, these statements do not involve threats of any kind. It is clear that unilateral adoption is possible in a legal sense but the risk is high and the benefits are not within clear sight. The Icelandic stand concerning European Union membership puts restrictions on the state concerning the formal adoption of the Euro, and the Icelandic and the European Union position in this matter is discussed. A short introduction to the position of several states concerning the Euro will is given to provide an insight into the reaction of the European Union when the coordination process of the member states is threatened. Finally the disadvantages of unilateral adoption will be touched upon.