Iceland : The 28th member state of the European Union ? – Le Taurillon (www.treffpunkteuropa.de)

submitted 4 weeks ago by Sunshine@lemmy.ca to c/buyeuropean@feddit.uk

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[-] finalaccountforreal@piefed.social 10 points 4 weeks ago

That would be cool

[-] AllNewTypeFace@leminal.space 5 points 4 weeks ago

They may have to race Norway for it.

[-] 0x0@lemmy.zip 4 points 4 weeks ago

Be wise, keep your currency.
Shengen would be cool for foreigners but i don't see what Iceland has to gain with it or anything else, really.

[-] DmMacniel@feddit.org 8 points 4 weeks ago

Why keep national currency? Having one currency across the entire Bloc has the advantage that you don't have to exchange currencies.

[-] 0x0@lemmy.zip 3 points 4 weeks ago

With all the disadvantages, namely you lose monetary sovereignty and just because it's the same currency doesn't mean it's worth the same across the bloc.

[-] Tonuka@feddit.org 5 points 4 weeks ago

Iceland has a small economy and its biggest trade partner is the EU, they're already a member of EFTA. The Euro would benefit them more than harming them, the real issue was always fishing rights and legislation

[-] 0x0@lemmy.zip 1 points 4 weeks ago

hey’re already a member of EFTA.

Then they have nothing to gain with joining the euro.

[-] Taalnazi@lemmy.world 5 points 4 weeks ago

Voting rights?

EFTA is practically "I'm in the EU but cannot vote along" which is a pretty big disadvantage, if you ask me.

[-] RidderSport@feddit.org 5 points 4 weeks ago

I am not sure the EU still allows membership without switching to the Euro

[-] alexcleac@szmer.info 3 points 4 weeks ago

Country has to make a promise to switch to Euro, but there is no deadline whatsoever :)

[-] Taalnazi@lemmy.world 2 points 4 weeks ago* (last edited 4 weeks ago)

Oh, it certainly does. There's ERM II, but the deadline is lax.

[-] 0x0@lemmy.zip 1 points 4 weeks ago

Dunno either...UK did it, maybe the EU changed the rules so they can better control the states, wouldn't surprise me. Iceland cold pull a Norway though, probably a better approach.

[-] Tonuka@feddit.org 4 points 4 weeks ago

It's literally a 5 minute Google search.

The UK and Denmark joined before the Euro was a thing, and thus, were allowed to stay out. No other country that joined after 1999 ever got an opt out, because this is not legal anymore.

[-] Twiglet@feddit.uk 3 points 3 weeks ago

Iceland is already part of Schengen, and the EEA.

[-] pathos@lemmy.ml 2 points 3 weeks ago

I thought they were already! Didn't realise visa would be needed.

this post was submitted on 07 Jul 2025

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