Iceland divided as nation holds referendum on whether to restart talks to join European Union
Iceland is holding a referendum to decide whether to restart negotiations for European Union membership. Voters are divided, with concerns over inflation, high interest rates, and the potential benefits of adopting the euro.
Why it matters
The outcome could significantly alter Iceland's economic policy and its relationship with the European bloc amidst global economic instability.
Iceland divided as nation holds referendum on whether to restart talks to join European Union By Europe bureau chief Mazoe Ford and Daniel Pannett in Iceland 7.30
Link copied Share Share article High interest rates and inflation, a fishing industry under threat and the shadow of Donald Trump are on the minds of Icelanders as the country goes to a referendum this weekend to decide whether it should restart negotiations on joining the European Union.
If this tiny island nation of almost 400,000 people chooses 'yes', they would have a second vote later to seal the deal reached between Reykjavik and Brussels.
Or the people could reject it and keep the status quo.
Iceland's picturesque capital, Reykjavik. ( ABC News: Daniel Pannett )
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