Business

Iceland votes on whether to restart talks on joining European Union

REYKJAVIK, Iceland — Icelanders voted on Saturday on whether to reopen membership talks with the European Union, with islanders split down the middle after a ⁠campaign focused on the cost of living, security, sovereignty and control over fishing waters. The race is too close to…

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REYKJAVIK, Iceland — Icelanders voted on Saturday on whether to reopen membership talks with the European Union, with islanders split down the middle after a ⁠campaign focused on the cost of living, security, sovereignty and control over fishing waters.

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The race is too close to call. A Gallup poll on Friday suggested a narrow majority opposed reopening negotiations, a slight shift from earlier surveys that pointed to a narrow lead for supporters of renewed talks.

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“Yes” campaigners backing talks say joining the bloc could ease high interest rates and offer more security in a world unsettled by the war in Ukraine and U.S. President Donald Trump’s threats over ⁠another Arctic island, Greenland.

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“No” campaigners argue EU membership would threaten the island’s sovereignty ​and ⁠fishing waters.

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“Today is our encounter with history,” Iceland’s former President Ólafur Ragnar Grímsson, a campaigner against EU membership, said in a post on social media.

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Should voters say “yes”, that would only open the way to discussions with Brussels. Iceland would then have ⁠to hold a second referendum, likely several years later, on whether to join the EU.

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The European Union, comprising 27 member countries, is one of the world’s largest trading blocs. Alongside Norway and…

Original source: https://www.nbcnews.com/business

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