All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to European Politics & Markets

Icelanders Narrowly Back EU Membership Talks Ahead of Referendum

Created at 26 Aug · 11:21 AM1 source↑ Market-relevant
IN SHORT

A new poll shows a slim majority of Icelanders support restarting negotiations on joining the European Union, with a referendum on the matter scheduled for Saturday. The gap between supporters and opponents has narrowed since previous surveys.

Key Numbers

51.3%support for restarting EU membership negotiations
48.7%opposition to restarting EU membership negotiations
1,019respondents in the August 21-25 survey
52.2%support in August 13 poll
47.8%opposition in August 13 poll
2013year Iceland abandoned EU membership talks
27EU member nations
2026estimated start of accession talks
18 to 24 monthsestimated duration of accession talks

Who's Involved

Maskina
polling agency that conducted the survey
Donald Trump
U.S. President whose threats to annex Greenland revived interest in EU membership
European Union
bloc Iceland is considering joining

↳ Why This Matters

The outcome of the referendum could signal a significant shift in Iceland's geopolitical and economic alignment, potentially leading to greater integration with the European Union and influencing its future decision-making on the continent.

Key facts

  • A poll shows 51.3% of Icelanders support restarting EU membership negotiations.
  • The referendum on holding talks is scheduled for Saturday.
  • Support for negotiations has slightly decreased since a previous poll.
  • Iceland previously abandoned EU membership talks in 2013.
  • Factors like cost of living and the war in Ukraine have rekindled interest in EU membership.

A narrow majority of Icelanders support restarting negotiations on joining the European Union, according to a new opinion poll released ahead of a nationwide referendum on Saturday. The August 21-25 survey by polling agency Maskina showed 51.3% of respondents backing talks with Brussels, while 48.7% were opposed.

The gap between supporters and opponents has narrowed since a previous poll on August 13, when 52.2% favored restarting talks. The upcoming ballot is not a vote on membership itself; any deal would require a second referendum.

Reykjavik abandoned EU membership talks in 2013, but recent years have seen a resurgence of interest driven by rising living costs and the war in Ukraine. Additionally, repeated threats by U.S. President Donald Trump to annex Greenland have contributed to the renewed focus on potential EU membership.

Iceland is already integrated into the European single market and the Schengen travel zone but lacks formal influence on EU decision-making. Membership would grant Iceland a direct voice in EU institutions and potentially lead to adopting the euro. A foreign ministry memo suggests accession talks could begin by the end of 2026 and conclude within 18 to 24 months if the referendum passes.

Frequently asked questions

The referendum is not a vote on EU membership itself, but on whether Iceland should restart negotiations with the European Union regarding potential membership.

If Iceland votes to restart negotiations, a deal would need to be agreed upon, which would then be subject to a second referendum for final approval of membership.

Factors such as the rising cost of living, the war in Ukraine, and geopolitical concerns related to Greenland have rekindled interest in joining the EU.

What Happens Next

01Icelanders will vote in a referendum on Saturday regarding restarting EU membership talks.
02Accession talks could start by the end of 2026 if the referendum results in a 'yes' vote.

How It Developed

A poll by Maskina showed 51.3% of respondents support holding negotiations with the EU.
The gap between supporters and opponents has narrowed since an August 13 poll.
Iceland abandoned EU membership talks in 2013 but has rekindled interest due to cost of living and the war in Ukraine.
Repeated threats by U.S. President Donald Trump to annex Greenland have also revived interest in joining the EU.
EU membership would give Iceland a direct say in decision-making and involve joining the EU's customs union.
A foreign ministry memo estimates accession talks could start by the end of 2026 if a 'yes' vote is achieved.

Sources

T1
Narrow majority of Icelanders back EU membership talks, poll shows ahead of referendumReuters

Related Stories

Sweden's ruling coalition narrows gap with opposition ahead of election
25 Aug · 3:57 PM
Swiss voters to decide on tighter neutrality, NATO cooperation ban
26 Aug · 5:37 AM
Chinese workers find ally in EU over labor practices
26 Aug · 7:21 AM
French presidential candidate's debt cancellation plan sparks backlash
26 Aug · 11:03 AM
Guinea-Bissau to vote on new constitution expanding presidential powers
25 Aug · 3:09 PM