One of the factors leading them to reconsider EU membership is monetary policy. The Icelandic króna is a very small currency that fluctuates considerably. Switching to the euro would protect them from exchange rate risks with their main trading partner.
One solution for Iceland would be to join the eurozone without becoming a member of the EU, as Kosovo and Montenegro have done. However, this would only be desirable if there really is a deadlock over fishing rights.
One solution for Iceland would be to join the eurozone without becoming a member of the EU, as Kosovo and Montenegro have done. However, this would only be desirable if there really is a deadlock over fishing rights.