Iceland hopes to start accession talks with the European Union by July, although the island’s government and its 320,000 people remain deeply divided over whether to join the bloc.
Prime minister Johanna Sigurdardottir, leader of the Social Democrats, announced late on Sunday that she had finally reached a compromise on EU accession with the Left-Greens, who oppose membership, that would enable the two leftwing parties to form a new coalition after their election victory two weeks ago.
The Social Democrats are the only Icelandic party that strongly backs EU membership, while most Left-Green deputies oppose even opening talks with the EU.
Popular support for accession has risen following the island’s financial crisis last autumn, with many voters hoping that adoption of the euro would prevent future economic turbulence. Last year the Icelandic krona lost 85 per cent of its value against the euro, pushing up inflation and increasing the burden of foreign currency-denominated mortgages.
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PROBLEM - REACTION - SOLUTION
Engineer a economical crisis, get the public screaming for a way out and then give them the solution - THE EU!!!
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