Iceland plans now or never referendum on EU negotiations

COPENHAGEN, March 6 - Iceland will hold a referendum on August 29 on resuming European Union membership negotiations, the government said on Friday. Read more at straitstimes.com.

COPENHAGEN, March 6 - Iceland will hold a referendum on August 29 on resuming European Union membership negotiations, the government said on Friday.

Reykjavik in 2013 abandoned EU membership talks after four years of negotiations, but a rise in the cost of living and the war in Ukraine in recent years rekindled the country's interest in joining the bloc, polls have shown.

The government had said it would hold a referendum no later than the end of 2027.

Repeated threats by U.S. President Donald Trump to annex Greenland, located between Iceland and the United States, also made the question of EU membership more pressing for the Nordic country, home to almost 400,000 people.

Iceland first applied to join the EU in 2009 following the collapse of its banking system during the 2008 global financial crisis, which pushed its economy to the brink of bankruptcy.

If voters back the resumption of talks, the final terms of EU membership will require approval in a second referendum. However, the government stated that a "No" vote would end any future attempts to restart accession negotiations.