3 days ago
Iceland Votes in Tight Referendum on Reopening EU Membership Talks
Iceland held a vote about whether to restart talks about joining the European Union.
The vote was expected to be very close.
A recent poll showed supporters ahead by less than one percentage point.
Supporters said EU membership might bring lower prices, lower interest rates, and a more stable currency.
Opponents worried that Iceland could lose control over its important fishing industry and farming policies.
Iceland already trades with the EU through the European Economic Area.
The country first applied to join the EU after its banks collapsed in 2009.
Even if voters support restarting talks, Iceland would need another referendum before joining.
Icelanders voted on whether to reopen European Union membership negotiations.
The latest Maskina poll showed supporters ahead by less than one percentage point.
Supporters cited potentially lower inflation, lower interest rates, and greater currency stability.
Opponents focused on protecting Iceland’s fisheries and Arctic farming interests.
Iceland’s EU talks have been frozen since 2013 after the country applied in 2009.
- Who
- Icelandic voters, with supporters and opponents of reopening European Union membership talks.
- What
- A referendum on whether to resume negotiations over Iceland’s potential EU membership.
- Where
- Iceland.
- When
- Saturday; the article does not provide a calendar date.
- Why
- Supporters cited economic and currency stability, while opponents emphasized protecting fisheries and farming; the vote also carried wider geopolitical significance for the EU.
Supporters of Reopening Talks
Opponents of Reopening Talks
Economic stability
Supporters of Reopening Talks
EU membership could bring lower inflation, lower interest rates, and greater stability through a possible transition from the Icelandic krona to the euro.
Opponents of Reopening Talks
Opponents emphasized protecting Iceland’s existing economic interests, particularly its fisheries and farming sectors.
Fisheries and farming
Supporters of Reopening Talks
Supporters backed resuming negotiations, which would allow the terms of potential membership to be examined before a later membership referendum.
Opponents of Reopening Talks
Opponents focused on retaining Iceland’s control over its outsized fisheries industry and farming adapted to Arctic conditions.
Geopolitical significance
Supporters of Reopening Talks
A decision to resume talks could strengthen the European Union’s geopolitical appeal after a 13-year expansion hiatus.
Opponents of Reopening Talks
A rejection would preserve the current arrangement, in which Iceland has single-market access through the European Economic Area without EU membership.
Key facts
- Latest poll
- Supporters led opponents by less than one percentage point in a Maskina survey published by Visir.
- EU talks
- Negotiations have been frozen since 2013.
- Original application
- Iceland applied for EU membership in 2009 after the collapse of its major banks.
- Existing market access
- Iceland’s European Economic Area membership already provides access to the EU single market.
- Trade share
- The EU receives two thirds of Iceland’s exports, compared with 9% for the United States, according to World Trade Organization data.
- Population
- Iceland has just under 400,000 inhabitants.
- Joining process
- A successful vote to reopen talks would not itself mean EU membership; a second referendum and approval by all existing EU members would be required.
Sources
Related news
Iceland’s EU Talks Referendum Remains Too Close to Call
Iceland Rejects EU Talks, Putting Membership Debate On Ice
Iceland Rejects Restarting EU Talks in Close-Fought Referendum
Iceland Poll Shows Narrow Support for Renewing EU Talks
Icelanders Vote on Restarting European Union Membership Talks
Iceland Votes on Restarting European Union Membership Talks
