> The No campaign fears losing control over Iceland's prized fishing grounds under the EU's Common Fisheries Policy and has vowed never to share the country's waters with anyone. Brussels has indicated Iceland could earn some kind of exemption, but it is considered potentially the biggest obstacle to any agreement.
As noted in the article, Iceland's fishing industry makes up something like 40% of their exports. Which is the only way a tiny island nation can afford essential imports. On top of that, Icelandic fishing is apparently carefully regulated to prevent overfishing, with the result that it is supposedly one of the few truly profitable fisheries in the world.
So maintaining control over their own fisheries may be a survival-level issue for Iceland.
On the other hand, they have a tiny population, no ability to defend themselves, and membership in the fraying NATO military alliance. So I can see why they're debating this issue. Aligning themselves more tightly with Europe doesn't fix their problems, but I can also see not wanting to go it alone.
As noted in the article, Iceland's fishing industry makes up something like 40% of their exports. Which is the only way a tiny island nation can afford essential imports. On top of that, Icelandic fishing is apparently carefully regulated to prevent overfishing, with the result that it is supposedly one of the few truly profitable fisheries in the world.
So maintaining control over their own fisheries may be a survival-level issue for Iceland.
On the other hand, they have a tiny population, no ability to defend themselves, and membership in the fraying NATO military alliance. So I can see why they're debating this issue. Aligning themselves more tightly with Europe doesn't fix their problems, but I can also see not wanting to go it alone.