Iceland is facing a major decision, with a referendum on their potential EU membership, which will be held by 2027. This debate touches upon issues such as immigration, economics and sovereignty. But…
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
Not how it works. Euro isn’t just a straight upgrade for many countries. See Croatia for a recent example - a lot of inflation and increased prices after adoption.
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
Then they have nothing to gain with joining the euro.
Voting rights?
EFTA is practically “I’m in the EU but cannot vote along” which is a pretty big disadvantage, if you ask me.
Not how it works. Euro isn’t just a straight upgrade for many countries. See Croatia for a recent example - a lot of inflation and increased prices after adoption.