Comment by Swenrekcah

That is a myth propagated by the owners of the fishing companies. The real reason they oppose the EU is that they benefit immensely from having income and debts in Euros and dollars, while their expenses and interest bearing assets are in the weak and high-interest ISK.

Consider that icelandic mortgage interest rates are currently 9-11% but a few years ago they were 4% which was celebrated as historically extremely low rates.