After having initiated talks to explore joining the EU, Iceland has decided not to proceed with the matter. Seems they didn't want their fishing grounds pillaged in a free for all. Ok, nothing new there of course but I admire that attitude all the same. Iceland opts out of joining EU | IceNews - Daily News Will this be a smart move or not? Time will tell I guess but we can be sure there are many millions in current member states who wish it was they who had not bothered.