Friday, January 30, 2009

New rules for EU membership.

Iceland to be fast-tracked into the EU

will be put on a fast track to joining the European Union to rescue the small Arctic state from financial collapse amid rising expectations that it will apply for membership within months, senior policy-makers in Brussels and Reykjavik have told the Guardian. Ian Traynor on fast-tracking Iceland into the EU and the euro Link to this audio The European commission is preparing itself for a membership bid, depending on the outcome of a snap general election expected in May. An application would be viewed very favourably in Brussels and the negotiations, which normally take many years, would be fast-forwarded to make Iceland the EU's 29th member in record time, probably in 2011.

Posted by flintster1994 @ 09:03 PM (1294 views)
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10 thoughts on “New rules for EU membership.

  • flintster1994 says:

    Population: 320,000

    IMF bailout £3.5 Billion

    I know this is old news but the bailout is incredibly disproportionate to the population. It makes me wonder, not just about their exposure to the money markets, but about their geographical strategic position. I’m sure their is something more.

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  • stillthinking says:

    They did default first, lest we forget, so they can go in unencumbered. Their bailout of 10K each is similar to our tax obliged debt.

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  • The press were telling us how we would not be allowed in the EU now because our budget deficit was 8% and the amximum is 6% and our currency was unstable yet they let bankrupt Iceland in. Not that I dislike Iceland. This whole episode is a scam.

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  • Do the people of Iceland actually want EU membership? Wouldn’t it negatively affect their fishing industry, i.e. the only industry they have left? (Apologies to any Icelanders reading)

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  • I should imagine that’s why they’re invited in. Where as in the UK I think anyone can fish here anyway for what’s left.

    We’re doomed I tell thee.

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  • Cheekie Charlie says:

    £10 a pint here we come!

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  • How convenient!!!

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  • Drewster, correct: EU fisheries policy pushes up food prices, destroys jobs and harms economy
    – From the Tax Payer’s Alliance:

    * EU fisheries policy increases the average family’s food bill by £186 a year – £4.7 billion a year in total.
    * The policy costs the UK economy £2.8 billion a year in higher taxes and lost business – £111 per family.
    * Over 97,000 UK jobs have been lost – 9,000 in fishing and 88,000 onshore in dependent industries.
    * 880,000 tonnes of dead fish are dumped into the North Sea every year.

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  • Iceland were prepared to go to some lengths to keep UK fishermen out of their waters 30 years ago. As a result they seem to have a sustainable fishing industry. I am not sure how keen they will be to have the Spanish and Portugese fishing boats decimating their fishing stocks.

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  • Well if Iceland is invited into the EEC, it means the total exposure of the current EEC must be huge and we have not been told about it….

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