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Very smart Iceland: Ready to withdraw its application to EU. European Union “not valid”

In 2008, Iceland fell victim to the banker global financial crisis.

Instead of bailing out its banks using taxpayer funds like the United States and EU, Iceland simply let its bank default.

The country took a very different approach to handling its debt crisis. For better or worse, Iceland made an independent decision.

Now Iceland is breaking away from the western world order once again, and opting to not move forward with its EU application. Smart move Iceland.

Via Sputnik News Agency:

Iceland is expected to withdraw its application to become a member of the European Union, the Reykjavik Grapevine reported Monday, citing the country’s prime minister.

“Participating in EU talks isn’t really valid anymore. Both due to changes in the European Union and because it’s not in line with the policies of the ruling government to accept everything that the last government was willing to accept. Because of that, we’re back at square one,” Icelandic Prime Minister Sigmundur David Gunnlaugsson was cited as saying by the magazine.

Iceland’s government is now set to make a second attempt at revoking the country’s EU application. The country’s ruling coalition first decided to submit a bill to stop EU accession early last year, sparking major protests in the capital, Reykjavik.

In an interview with the Icelandic Morgunbladid newspaper on Monday, Birgir Armannsson, chairman of the Foreign Affairs Committee in Iceland’s parliament, stated that “it is not unexpected that the prime minister is likely to present a new parliamentary resolution to revoke the membership application.”

Iceland applied to join the European Union in 2009 and began formal negotiations the following year. After the 2013 elections, the country’s new center-right government decided to end accession talks with the EU. Iceland is currently a member of the European Economic Area, the European Free Trade Association, and a part of the Schengen Area.

References:

http://sputniknews.com/europe/20150106/1016546682.html

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hyrontrader
January 6, 2015

RT @redpilltimes: Very smart Iceland: Ready to withdraw its application to #EU. European Union “not valid” http://t.co/HIcUmeH5nh

ZD_2018
January 6, 2015

RT @redpilltimes: Very smart Iceland: Ready to withdraw its application to #EU. European Union “not valid” http://t.co/HIcUmeH5nh

nat_valen
January 6, 2015

RT @redpilltimes: Very smart Iceland: Ready to withdraw its application to #EU. European Union “not valid” http://t.co/HIcUmeH5nh

VonHenrick1
January 6, 2015

Smart #Iceland: Ready to withdraw its application to #EU. European Union is “not valid” http://t.co/fwouyeHzpp #NoEU http://t.co/5V4LAKZ19s

ladywhitepeace1
January 6, 2015

“@madraq: Very smart Iceland: Ready to withdraw its application to EU. European Union “not valid” http://t.co/iEIMUAtJns”
“waking up to EU”

88marciaramalho
January 6, 2015

RT @VonHenrick1: Smart #Iceland: Ready to withdraw its application to #EU. European Union is “not valid” http://t.co/fwouyeHzpp #NoEU http:…

paliomoutro
January 6, 2015

RT @News_World_: Very smart #Iceland: Ready to withdraw its application to EU. European Union “not… http://t.co/6asuFXd8Pu #Politics http:/…

Lz1983
January 6, 2015

RT @News_World_: Very smart #Iceland: Ready to withdraw its application to EU. European Union “not… http://t.co/6asuFXd8Pu #Politics http:/…

News_World_
January 6, 2015

Very smart #Iceland: Ready to withdraw its application to EU. European Union “not… http://t.co/6asuFXd8Pu #Politics http://t.co/7FaP6y0iET

madraq
January 6, 2015

Very smart Iceland: Ready to withdraw its application to EU. European Union “not valid” http://t.co/T4ukrARQ6F

TonikSaat
January 6, 2015

Ελεύθερος λαός RT @VonHenrick1 Smart #Iceland: Ready to withdraw its application to #EU. EuropeanUnion is “not valid” http://t.co/1KMdm5Dv87

actionScript3
January 6, 2015

RT @redpilltimes: Very smart Iceland: Ready to withdraw its application to #EU. European Union “not valid” http://t.co/HIcUmeH5nh

zarde2006
January 6, 2015

RT @redpilltimes: Very smart Iceland: Ready to withdraw its application to #EU. European Union “not valid” http://t.co/HIcUmeH5nh

YaDutchUncle
January 10, 2015

RT @redpilltimes: Very smart Iceland: Ready to withdraw its application to #EU. European Union “not valid” http://t.co/HIcUmeH5nh

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