International law specialist at Norway's Tromso University, Professor Peter Orebech, says that Iceland would actually be breaking EU rules by forcing its tax payers to reimburse the Netherlands and the UK for Icesave debt, which rightfully belongs with the country's privately funded depositors' insurance fund. Continue Reading

Thrifty Finns are stocking up on cheap filament light bulbs before the EU brings in a blanket ban in 2012. Despite sales remaining buoyant in Finland, next month will see an end to deliveries of the old-fashioned 75-watt bulbs to the country’s stores, prompting many residents to binge buy before shelves empty. Continue Reading

The deputy chairman of the European Union fisheries committee wants the fisheries ministers of Iceland and the Faroe Islands to be called urgently to Brussels in order to negotiate a solution to the escalating mackerel fishing dispute. Continue Reading

Iceland's Minister for Foreign Affairs says he is emphasising in Iceland's EU accession talks that the Icelandic krona must be propped up by the European Central Bank immediately after Icelandic membership of the European Union and until Iceland adopts the euro, if and when that happens. The minister added that accession talks are likely to take longer than optimists had hoped. Continue Reading

The European Union and Norway are publicly speaking out against Iceland's decision to fish 130,000 tonnes of mackerel within its 200-mile Exclusive Economic Zone this year. Continue Reading

An EU commissioner's assertion that there is no legal provision for state guarantees of bank deposits in the European Economic Area (EEA) could prove important for the Icelandic government in dealing with Icesave. Continue Reading

The foreign ministers of the European Union decided yesterday to begin formal accession talks with Iceland. Continue Reading

The Icelandic authorities have been given an extended deadline to respond to a letter from the EFTA concerning the Icesave dispute. Continue Reading

Iceland has the right to European Union funding due to the cost of the membership application process. This is a conclusion of a new report from the EU which states that all countries applying for EU membership have the right to EU funding even before becoming full members. Continue Reading

A clear majority of Danes are against joining the euro, despite widespread approval of the move last month. According to a survey by Danske Bank, 55 percent would vote against adopting the shared currency if a referendum were held today. In an almost complete reversal of the last survey in March, only 43 percent June respondents would vote in favour. Continue Reading