Oslo, Reykjavik - Iceland should consider replacing its currency with that of neighbouring Norway, an Icelandic economics professor suggested in an interview published Wednesday.
The move was necessary since confidence in the Icelandic central bank has withered in the wake of the recent financial turmoil, Professor Thorolfur Matthiasson of the economics faculty at the University of Iceland told the Bergens Tidende newspaper.
"To get room to maneuver we need a plan A and a plan B," Matthiasson said, noting that one option was to consider joining the European Union and adopting the joint European currency, the euro.
"In the short-term, it may be more realistic to pursue a monetary union with Norway," he added.
Oslo - Two employees of Norway's largest banking group as well as the DnB NOR group itself were Thursday suspected of insider- trading, the Norwegian Financial Supervisory Authority said.
Oslo- Norwegian Crown Princess Mette-Marit has sustained a minor concussion after falling down some stairs during a visit to Ukraine, reports said Monday.
Oslo - A Swedish-made jet fighter - and an industrial cooperation package - would benefit Norway's defence industry more than a US rival in terms of high-tech jobs and other spin-offs, according to a report Thursday.
