> The No campaign fears losing control over Iceland's prized fishing grounds under the EU's Common Fisheries Policy and has vowed never to share the country's waters with anyone. Brussels has indicated Iceland could earn some kind of exemption, but it is considered potentially the biggest obstacle to any agreement. As noted in the article, Iceland's fishing industry makes up something like 40% of their exports. Which…
One solution for Iceland would be to join the eurozone without becoming a member of the EU, as Kosovo and Montenegro have done. However, this would only be desirable if there really is a deadlock over fishing rights.