Iceland and the EU: fish and banks

... country’s low level of interest in seeking a compromise on disputed issues, and by the final decision to withdraw its application for membership. For the EU, Iceland’s decision is quite a painful blow. It is necessary to understand, however, that the Icelandic case is an exclusive one for the countries of Europe, in which specific economic, social and political interests have coincided. The process of European integration envisages the possibility of flexible approaches to involvement in integration processes, including for countries that do not have full membership of the EU. Thus, countries that share with the EU an interest in cooperation but have interests that are not very compatible with the practice of the EU may find a format ...