Bank dispute sours Iceland’s EU attitude

Author (Person)
Series Title
Series Details 25.2.10
Publication Date 25/02/2010
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The European Commission issued on the 24 February 2010 its Opinion recommending the opening of accession negotiations with Iceland following the country's application for membership of the European Union.

In the Opinion, the Commission acknowledges Iceland's adherence to the common values of the Union, such as democracy, rule of law and respect for human rights. It identifies challenges ahead on the road to accession. Following the recommendation by the Commission, it is now for the Council of the European Union to decide on the opening of accession negotiations with Iceland.

As an isolated island nation struggling to recover from a devastating financial crisis, Iceland has more reasons than most to seek the security and stability promised by membership of the European Union.

Yet, there were no reports of rejoicing in the streets of Reykjavik on the 24 February 2010 with the European Commission recommendation for the go-ahead for negotiations with Iceland on possible accession.

Ossur Skarphedinsson, Iceland's Foreign Minister, hailed it as a 'significant step for Iceland on its road towards Europe'. But opinion polls show the country deeply divided over joining.

Related Links
ESO: Background information: Iceland faces softer repayment terms http://www.europeansources.info/record/iceland-faces-softer-repayment-terms/
ESO: Background information: EU kick-starts Iceland's accession http://www.europeansources.info/record/eu-kick-starts-icelands-accession/
BBC News, 24.2.10: Iceland EU bid gets European Commission support http://news.bbc.co.uk/1/hi/world/europe/8533706.stm
Deutsche Welle, 24.2.10: Iceland moves closer to EU membership http://www.dw-world.de/dw/article/0,,5282416,00.html
European Commission: Press Release: IP/10/186: Commission delivers opinion on Iceland's accession bid http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/186&format=HTML&aged=0&language=EN&guiLanguage=en
European Commission: DG Enlargement: Commission Opinion on Iceland's application for membership of the European Union, February 2010 http://ec.europa.eu/enlargement/press_corner/key-documents/opinion-iceland_2010_en.htm
Iceland: Ministry for Foreign Affairs: Press Release, 24.2.10: Iceland welcomes the opinion of the European Commission on Iceland's EU application http://eng.utanrikisraduneyti.is/speeches-and-articles/nr/5421
EurActiv, 25.2.10: Commission gives green light to Iceland's EU bid http://www.euractiv.com/enlargement/commission-gives-green-light-ice-news-286007

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