Iceland Warming to EU?

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Iceland currently finds itself, as does much of the rest of the world, in a financial crisis. Its currency, the króna, has plummeted 60% in the past year, while foreign transfers are at a standstill. As Iceland's economy continues to falter, the ongoing debate over EU membership is now as relevant as ever:

An October opinion poll places 70% of Icelanders in favor of at least a referendum on EU membership; 49% say they would vote to support membership, 27% are opposed, and 24% remain undecided.

It'll be interesting to see if future polling data continues to trend toward support for EU membership. Currently, I don't see the Icelandic government making any impulsive decisions toward membership, not least because their fishing markets are essentially the only natural resources they have. If their financial woes worsen, however, and Icelanders increasingly demand a referendum, the Icelandic government might have to consider sacrificing some of its sovereignty in the interest of economic stability.

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