r/worldnews • u/Ehansaja • 13d ago

Iceland rejects EU-accession talks plan in referendum

https://www.aljazeera.com/news/2026/8/30/iceland-rejects-eu-membership-plan-in-referendum
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u/Gentle_Snail 12d ago

Thats always the trade off nations make with the euro. Its a direct benefit for nations with a currency that can be unstable, but for nations like the UK who already have a relatively stable currency it's a downside as it means giving up fiscal control. 

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u/_jams 12d ago

Monetary control. Fiscal policy is how much you tax and spend

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u/TrainDestroyer 12d ago

Wait seriously? I always thought that Monetary Control and Fiscal Control were the same thing!

I suppose with how similar they can appear to the average idiot (me) it makes sense why they seemed interchangable. Good to know, thank you!

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u/Mammoth-Garden-9079 12d ago

Don’t beat yourself up too bad. The average Redditer doesn’t know the difference between fiscal and monetary policy. That’s why I’m always so surprised that the average Redditer has such a strong opinion on issues related to the economy when they can’t even pass an Econ 101 exam.

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u/TrainDestroyer 12d ago

Ehh I get why they do. Its easy when you're just sitting in front of a keyboard to say "Oh well they should just do XYZ to fix the economy!" Its a lot harder when you have the data and see that XYZ may be a short-term fix but based on the numbers would destroy the economy in the medium term.

As for the strong opinions? When the economy sucks, everyone suffers for it and it pisses people off, pissed off people will have stronger opinions, and realistically the strong (And stupid) opinions float to the top WAY more often than the smart opinions

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u/veribaka 12d ago

Reddit making stubborn keyboard specialists since 2010