Memo: Key findings on the 2012 progress report on Iceland

The Progress Report on Iceland is part of the 2012 Enlargement package adopted by the European Commission on 10 October. The Commission concluded that Iceland continues to fully meet the political criteria for EU membership, can be considered a functioning market economy and, overall, is well advanced in its preparations for membership. Accession negotiations are progressing well, although EU accession remains an issue of lively public debate in Iceland. The Commission is confident that the EU will be able to present a package for the negotiations which takes Iceland's specificities into account and safeguards the principles and acquis of the EU, allowing also, in due course, for a fully informed decision of the Icelandic people.