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Iceland Relationship with the European Union: How Iceland Almost Joined the EU – TLDR News

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In 2009 Iceland applied to join the EU following the collapse of their local currency. However, a few years later the country changed its mind and fundamentally shifted their relationship with the union. In this video, we examine why Iceland ever wanted to join, why they changed their mind and how the two sides work together today.

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TLDR is all about getting you up to date with the news of today, without bias and without filter. We want to give you the information you need, so you can make your own decision.

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1 – https://www.efta.int/About-EFTA/EFTA-through-years-747
2 – https://ec.europa.eu/world/agreements/downloadFile.do?fullText=yes&treatyTransId=457
3 – https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2003:222:0003:0023:EN:PDF
4 – https://ec.europa.eu/neighbourhood-enlargement/countries/detailed-country-information/iceland_en
5 – https://ec.europa.eu/programmes/erasmus-plus/about/who-can-take-part_en
6 – https://ec.europa.eu/trade/policy/countries-and-regions/countries/iceland/
7 – https://www.bbc.co.uk/news/av/world-europe-15103225
8 – https://www.civitas.org.uk/content/files/MS.22.Iceland.pdf
9 – https://www.euractiv.com/section/enlargement/news/iceland-officially-drops-eu-membership-bid/
10 – https://www.theguardian.com/world/2015/mar/12/iceland-drops-european-union-membership-bid
11 – https://ec.europa.eu/neighbourhood-enlargement/countries/detailed-country-information/iceland_en
12 – https://www.euractiv.com/section/enlargement/news/iceland-officially-drops-eu-membership-bid/
13 – https://www.theguardian.com/world/2015/mar/12/iceland-drops-european-union-membership-bid
14 – https://ec.europa.eu/neighbourhood-enlargement/countries/detailed-country-information/iceland_en
15 – https://mmr.is/evropusambandid
16 – https://www.visir.is/g/2015150329825/taeplega-80-prosent-vilja-thjodaratkvaedagreidslu-um-esb
17 – https://ec.europa.eu/trade/policy/countries-and-regions/countries/iceland/
18 – https://www.theguardian.com/world/2009/jul/16/iceland-parliament-votes-eu-membership
19 – https://www.bbc.co.uk/news/av/world-europe-15103225
20 – https://www.theguardian.com/money/2008/may/04/interestrates.savings
21 – https://www.theguardian.com/money/2008/nov/10/credit-crunch-savings-icesave
22 – http://news.bbc.co.uk/1/hi/uk_politics/7688560.stm
23 – https://www.civitas.org.uk/content/files/MS.22.Iceland.pdf

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39 Comments

39 Comments

  1. @marcelpenuelatraub2343

    March 2, 2024 at 9:58 am

    Brexit was so incredibly stupid!!!

  2. @fredmidtgaard5487

    March 2, 2024 at 9:58 am

    It was the same for Norway. Given the GB's immense threat of sending unlimited fishing vessels to Norwegian waters, we decided not to join. At that time the UK was a member. Of course, we are better outside! No need for all that bureaucracy. The same goes for Iceland. The UK really angered many people here. Do they also want all of the mountain Crouse, the Salmon in the rivers, mining, and oil? No, thank you Brits!

  3. @Zoonjse

    March 2, 2024 at 9:58 am

    Iceland Never "almost" joined. there were talks in the parliament and they agreed to write a memorum, (how ever that Belgian name is spelled). Thats it!. after that f it actually did take place and reiterate with the population. It would go to a referendum. to at which point majority of the people were against. So in few wirds. Iceland was never close to joining. Just as far as Alaska joining.

  4. @myleskgallagher

    March 2, 2024 at 9:58 am

    Half of Iceland is with us in North America, so I say they should become the 52st instead. After Greenland of course 😉

  5. @hanna_GG2

    March 2, 2024 at 9:58 am

    I miss videos like this 🙁

  6. @ems4884

    March 2, 2024 at 9:58 am

    It's really a shame that the EU has not been able to draw Switzerland, Norway and Iceland into the fold. It was a mistake in those early years to offer them access to the EFTA without carrying then over into the EU. Their economies and share of the burden of securing and developing the forever Warsaw Pact nations and the Balkans would have been a tremendous help. Their voices in Brussels might also have helped to prevent the Eurocrisis.

  7. @SatchelChannel

    March 2, 2024 at 9:58 am

    why don't they just ditch fishing and invest in itticolture? You know, fish farms with way more efficency and much less enviromental problems since you're not fishing from the sea reducing biodiversity. Is it so costly to build dozens of fish farms?

  8. @SMiki55

    March 2, 2024 at 9:58 am

    Iceland should unite with Greenland and form a fishing superpower

  9. @dariuszdudka1991

    March 2, 2024 at 9:58 am

    It's time Iceland join the common house of Europe together, together stronger 🇮🇸🇪🇺

  10. @ogerpinata1703

    March 2, 2024 at 9:58 am

    They shall retain exclusivety over their fishing waters and that's it🤷🏻‍♀️

  11. @Mustafa-al-mahmud

    March 2, 2024 at 9:58 am

    no offense but the price is a bit high🙄

  12. @wabalaladabdab

    March 2, 2024 at 9:58 am

    The United Federation of Planets will be sabotaged by f***ing fishing too 🙁

  13. @Robbiewa-bg4lu

    March 2, 2024 at 9:58 am

    Iceland should steer clear of joining the EU.

  14. @Bjarni.H

    March 2, 2024 at 9:58 am

    Does tldr sell Iceland pins?

  15. @TheHollandHS

    March 2, 2024 at 9:58 am

    No wonder they lost that match.
    The English were SIMPING about Iceland.

  16. @gifigi6006

    March 2, 2024 at 9:58 am

    Stupid fish…

  17. @alunevans2377

    March 2, 2024 at 9:58 am

    If Iceland join the EU in future, they can kiss their fishing industry goodbye

  18. @nathanm4444

    March 2, 2024 at 9:58 am

    When he asked the question: who would be eligible to pay for the costs after the collapse of the bank? He didn't make a difference between what the IMF thought was Icelandic tax payers that had to solve the private bank's problem and what Iceland thought was the fault of shareholders who should dissolve the debt. There was actually quite a lot of fuss about that in the international community: could Icelandic citizen be held responsible for a private bank's operations? And then, because the US backed Iceland and the IMF had to polish its reputation, eventually there was an agreement (almost as a publicity stunt.
    He also left out some other important details.
    Still thanks for all the effort @TLDR

  19. @dny9394

    March 2, 2024 at 9:58 am

    If Iceland had joined the EU, just how many fish do you think they would have left after
    the French, Dutch, Belgian and Spanish super-trawlers had run riot? Have a guess.

  20. @prolarka

    March 2, 2024 at 9:58 am

    The tragedy of the commons.

  21. @andrewthomas405

    March 2, 2024 at 9:58 am

    Never join..you woukd sell your souls

  22. @andrewthomas405

    March 2, 2024 at 9:58 am

    I bet the Icelandic’s are happy they didn’t join

  23. @esajpsasipes2822

    March 2, 2024 at 9:58 am

    As a supporter of cooperation and integration, but not like "we must do it asap", but more like "it should slowly make its way, but not too slowly":

    Iceland SHOULD fully join the EU, but in the future, maybe after the fishery and agricultural policies are made "better" (if it ever happens, but that is only in hands of EU voters), and after people there begin to want it (whitch would propably be a consequence of that).

    And also, propably after some clean up in the EU (the two policies would be part of that).

  24. @danielspillett5393

    March 2, 2024 at 9:58 am

    and they had to common sense to avoid that shithouse and not join if only major had given us a referendum instead t5hen blair could not have thrown open the gates to eastern europe flooding my industry with 1.4 million working driving wages down with a large work pool making it an employers market of low wages where the employer has the power instead of a smaller british workforce an employees market less workers = higher wages as the employer has to pay more money to keep the staff my wages dropped from £14.50 an hour to minimum wage 45% drop the EUSSR has been a disaster for the working classes that is why we voted leave the middle class employers have got richer while we get poorer and get more and more labour laws from the EUSSR making our jobs harder

  25. @mrdemocracy7106

    March 2, 2024 at 9:58 am

    Common sense prevailed and Iceland did not joined this corrupt thieving EU cartel run organisation.
    Well done Iceland.

  26. @uzzunov

    March 2, 2024 at 9:58 am

    Never in EU, please 👍

  27. @clovermark39

    March 2, 2024 at 9:58 am

    Sounds like that Icelandic govt had their countries interest at heart.

  28. @kerajit

    March 2, 2024 at 9:58 am

    I think that there is some challenging times ahead, (covid, uk leaving the eu) and EU should focus on strongly convinced members, I think that Iceland having 51% support would be troublesome.
    Btw. would traveling from France or Germany to fish in Iceland waters be more economically viable then fishing on Iceland? I'd think that it takes both time and fuel, to go into Icelandic waters

  29. @od9694

    March 2, 2024 at 9:58 am

    I hate to break it you guys but no self-respecting Irish person would ever wear a badge without the 6-counties

  30. @mortyjansen399

    March 2, 2024 at 9:58 am

    Good for them they stayed away from this circus

  31. @ravfromsweden

    March 2, 2024 at 9:58 am

    What are the numbers in the corner counting?

  32. @Forcystus85

    March 2, 2024 at 9:58 am

    Looking forward to British secession and the start of the Fourth Cod War

  33. @lapatron555

    March 2, 2024 at 9:58 am

    This foreign minister took a desicion for iceland which the icelandic people should have had a say in.

    For me personally the cons of joining the eu are next to none. We get cheaper goods and services and we dont own our fish anyways at the moment

  34. @Mrdresden

    March 2, 2024 at 9:58 am

    Most of Iceland's economic problems over the last three decades have been solved, in large part, by the ability of devaluing the currency. That fact is a stumbling block for any discussion on taking up the euro which, when coupled with the issue of fishing rights, just doesn't seem to add up to a very favourable idea compared to the current situation.

  35. @alberpajares4792

    March 2, 2024 at 9:58 am

    Can europe continuing with the genocide of white people joily?

  36. @rrni2343

    March 2, 2024 at 9:58 am

    just google fishrot files and see why the government wanted out of the eu, and why there was a heavy anti eu propaganda.

  37. @starryk79

    March 2, 2024 at 9:58 am

    Although i am a pro EU citizen i do not see much benefit for Iceland from joining the EU. I am no expert of course but i think the current partnership should be enough for them. It totally makes sense that they stay out of the common fishery policy of the EU.

  38. @michaelgreen1515

    March 2, 2024 at 9:58 am

    Jack I know you're young but look up the Cod wars which weren't actually wars but were very violent and overlapped EEA membership.

  39. @tobbi11

    March 2, 2024 at 9:58 am

    I am all for open borders and trade deals but we just got our independence in 1944 and for the most part aren't big on others telling us what we can and cannot do, The north remembers.

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🎉 TLDR Party:  https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto

Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

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Source list:

Student List program:
https://studenti.org.rs/en/plan/
https://x.com/studentblokade/status/2105208664881557577?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2105208664881557577%7Ctwgr%5E286dd96e36fbc96dbbcd3184e186b4f05377e279%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.danas.rs%2Fvesti%2Fpolitika%2Fstudenti-o-sankcijama-rusiji%2F
https://x.com/studentblokade/status/2055953192458834226
https://newunionpost.eu/2026/09/15/student-list-ready-serbia-elections/

Train station canopy collapse:
https://www.aljazeera.com/news/2025/11/1/mass-protests-planned-as-serbia-marks-anniversary-of-train-station-collapse
https://www.railwaypro.com/wp/president-vucic-inaugurates-novi-sad-subotica-high-speed-line/

CRTA report: https://crta.rs/en/first-interim-report-on-long-term-observation/

Snap elections:
https://www.politico.eu/article/serbia-leader-aleksandar-vucic-calls-snap-elections-after-dissolving-countrys-parliament/
https://srpske.rs/en/news/ekonomija/2026/08/02/serbia-600-million-euro-cash-handout-payment-dates

0:00 Serbian Students’ Path to Power Explained
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📰 Too Long: https://toolong.news/
🎉 TLDR Party:  https://toolong.news/pages/tldr-party
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Sources:

The EU’s plan to capture US Big Tech revenue
https://www.ft.com/content/ad06ed89-f600-4694-8c95-7d53b6d3315b?syn-25a6b1a6=1
https://www.reuters.com/business/retail-consumer/brussels-looks-capture-big-tech-through-tax-large-corporations-ft-reports-2026-10-07/

EU rejects France’s calls for an EU-wide digital services tax
https://www.ft.com/content/e5a76494-71df-4ee0-a85f-b28f2c94ded6?syn-25a6b1a6=1
https://www.vatcalc.com/global/eu-holds-back-on-digital-services-tax-as-us-raises-retaliation-threat/

EU’s proposed CORE mechanism
https://blogs.lse.ac.uk/europpblog/2025/08/28/the-commissions-foray-into-corporate-taxation-a-core-problem-for-the-eu-budget/
https://commission.europa.eu/strategy-and-policy/eu-budget/long-term-eu-budget/eu-budget-2028-2034_en#driving-prosperity-via-competitiveness-research-and-innovation

US exempted from Pillar 2 of OECD’s global minimum corporate tax agreement
https://youtu.be/85voZ2FJhZk?si=6jVOHTB5CBTKvigd
https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies
https://www.theguardian.com/business/2021/oct/08/oecd-deal-imposes-global-minimum-corporate-tax-of-15

G7 statement on global minimum tax
https://www.canada.ca/en/department-finance/news/2025/06/g7-statement-on-global-minimum-taxes.html
https://www.ey.com/en_gl/technical/tax-alerts/canada-g7-releases-statement-on-global-minimum-tax-pillar-two-and-canada-rescinds-digital-services-tax

European Digital Services Taxes (DSTs)
https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/
https://taxfoundation.org/testimony/pillar-one-digital-services-taxes/
https://www.reuters.com/en/germany-seeks-levy-10-tax-online-platforms-like-google-2025-05-29/

Accusations of tax avoidance by Silicon Valley tech companies
https://www.theguardian.com/us-news/2025/apr/15/silicon-six-accused-of-avoiding-almost-278bn-in-us-corporation-taxes-over-10-years
https://itep.org/trump-meta-tesla-alphabet-amazon-obbba-taxes/
https://itep.org/amazon-alphabet-meta-tesla-pro-trump-tech-companies-avoided-taxes/

0:00 The EU’s Sneaky Plan to Tax US Big Tech Explained
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📰 Too Long: https://toolong.news/
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📰 Too Long: https://toolong.news/
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Sources
Diesel prices/components
https://tradingeconomics.com/united-states/us-diesel-sales-price-$-per-gallon-w-na-fed-data.html
https://tradingeconomics.com/commodity/brent-crude-oil
https://www.ft.com/content/f117f347-e1e0-457c-83fc-ba4745581bb2?syn-25a6b1a6=1

Fuel vs Dem congressional ballot
https://www.economist.com/graphic-detail/2026/09/17/high-petrol-prices-could-hand-democrats-a-mighty-midterm-victory

Trump Truth Social posts
https://truthsocial.com/@realDonaldTrump/posts/117412435306815143
https://truthsocial.com/@realDonaldTrump/posts/117422699218841250

Zelenskyy comments
https://www.axios.com/2026/10/09/exclusive-zelensky-putin-trump-diesel-deal
https://thehill.com/policy/international/6141601-russia-strikes-ukraine-power-plant/

Laws
https://thehill.com/homenews/house/6140830-fitzpatrick-bill-block-russian-oil/
https://www.congress.gov/bill/117th-congress/house-bill/6968
https://ofac.treasury.gov/sanctions-programs-and-country-information/countering-americas-adversaries-through-sanctions-act-related-sanctions
https://www.congress.gov/bill/119th-congress/senate-bill/5025

Reports that Russia lacks refining capacity
https://www.aljazeera.com/news/2026/10/10/why-is-us-turning-to-russia-for-diesel-despite-sanctions

0:00 Why the Trump-Putin Diesel Deal is Already Falling Apart
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