If their economy meet the requirements, which I believe they do, then I would like to see it. They can have agreements made prior to their current fisheries that are clearly a huge part of their exports and gdp. They can also negotiate when/if to move to the Euro, or they could go another direction and retain their EEC agreements. Europe Union is not really an "All or nothing" as many seem to thing. It's more a regulatory decision, when countries already align, it's usually a few extra guarantees and trade. As an Irish I understand how different it can seem especially without the Schengen, with out issues in Norther Ireland, Brexit required a lot. But Europe was the only reason we were able to avoid complete poverty. As I see it, Iceland has a far better economy that would help us too. So I'm all for it.

But I wont be upset at them if they decided to keep the status quo with us!