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Iceland votes to join the EU

Geoff Riley

20th July 2009

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Rocked by a financial crisis which led to the collapse of its currency and banking system, Iceland’s parliament has voted narrowly in favour of seeking accession into the European Union. This process is likely to take around 18 months, the EU is keen to fast-track Iceland into the single market. One of the main stumbling blocks will be negotiations over fishing quota and catch rules for the EU fishing industry within Iceland’s territorial waters. Fish and seafood accounted for 37% of Iceland’s exports in 2008. Will Icelandic accession be a great catch for the European Union?

Guardian: Will Iceland make it into the EU?

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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