EU Hails Iceland's Membership Bid

BusinessWeek (Jul 20 2009)

1. European leaders welcomed a decision by the island nation—devastated by the credit crunch in 2008—to apply for EU membership, but issues remain Brussels has hailed the decision by the Icelandic parliament to give the go ahead to talks on joining the EU, suggesting it is proof of the "vitality of the European project." Iceland's legislature, the 63-seat Althingi, passed the proposal to start the EU accession process by a narrow majority of 33 votes to 28, with two abstentions, on Thursday (16 July). (Read Full Article)

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