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Iceland starting to ponder EU membership

Iceland applied for EU membership in 2009, after the collapse of the banking system almost bankrupted the country. The government at the time, led by the EU-friendly Social Democratic Party, believed membership was vital for financial stability. The Euro was also seen as better than the small and unstable krona.
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Jon Steindor Valdimarsson

last year founded the European Movement (Evrópuhreyfingin) as a reaction to increased support for EU membership. He has always wanted Iceland to gain EU membership.

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