Iceland Looking to Join EU

Or possibly to just adopt the Euro as its currency.

It looks like they may be making an application in the next few months.

One complication is that the new governing coalition would be at odds over this, with the Social Democrats favoring it, and the Left Greens opposing it.

There will be an election in May, and I think that the Left Greens will do well, if just because the Social Dems were previously in coalition with the Independence Party, and so had a hand in creating the laissez-faire policies that have left them in a lurch.