Iceland accession to the EU
Accession Of Iceland To The European Union. General information about Iceland. European relationships. Intention to join the EU. Euroscepticism in Iceland.
The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. (Kristin Archick, 2015). This Union has many functions, the most important is the common market, which consists of a customs union, a single currency (although some countries have retained their currency), the Common Agricultural Policy and the Common Fisheries Policy, support. Therefore, the EU enlargement process is an incredible opportunity to promote stability and well-being in Europe.
Currently, the European Union is composed of 28 members. Countries still negotiating for membership are Albania, Montenegro, Serbia, Turkey and the former Yugoslav Republic of Macedonia. As potential future EU candidates were recognized Bosnia-Herzegovina and Kosovo. Recently, one more country was considered as candidate for European Union member states – it is Iceland.
The desire to become an EU member, Iceland expressed in 2009, when the banking crisis highly worsened the country's economic situation. However, there was a consideration of whether Iceland really worth it to take such a step. Lastly, Iceland submitted an application will not be considered as a candidate country. This raises the question of why Iceland suspended negotiations on accession to the European Union? Also, whether Iceland will become a member of the EU or not?
Iceland is a nordic island nation. It is located between the North Atlantic and the Arctic Ocean. The country's population is 329.100 while the area of 103,000 km2, due to the fact it is most sparsely populated country in Europe. Over two-thirds of the population live in Reykjavik and the surrounding areas in the southwest of the country. Official and national language is icelandic, english is widely spoken and understood. In this island live 93.01% icelandic, 3.13% polish, 3.84% other people (Statistics Iceland, 2015).
Iceland is a constitutional republic with a multiparty system. The head of state is the President. The executive power carries out the government. Iceland's national assembly was set up in 930, it is the world's oldest continuous parliament and is called Althingi. Parliament and the President have the same legislative powers, and the judiciary is completely independent of the executive and the legislature (Government offices of Iceland, 2015).