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<p>[QUOTE=&quot;scottishmoney, post: 470105, member: 12789&quot;]Why would the EU want to take on a basket case like Iceland?&nbsp; Gees, they will pay big time in the next few years just with the Eastern European states joining.</p><p><br /></p><p>In my estimation it would have been better for the E. Europe states to have set up their own trading block first before ever joining the EU.&nbsp; It would have permitted better integration later - if it was run correctly.&nbsp; Then countries like Ukraine, Moldova, Georgia etc. could have a shot at stabilizing their economies.&nbsp; </p><p><br /></p><p>As it is now, Ukraine is a basket case up there with Iceland.&nbsp; While I was there last month, the Hryvnia lost 25% of it&#039;s value in a couple of days, and banks were shuttering.&nbsp; The Dollar and the Euro were king when it came to what people wanted you to pay them for larger transactions.&nbsp; Capital purchases, appliances, electronics etc. are mostly priced in either Euros or Dollars.[/QUOTE]</p><p><br /></p>

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