Why should the European Union – or individual member states – worry about Iceland in her current distress? A country with a tiny population in the North Atlantic, on the margins, of Europe having fallen victim to an economic crash, which is beyond the nation’s means to recover from, on her own? Are there any interests involved, justifying that the EU should incur effort and expense – although a miniscule amount seen from the vantage point of Brussels – to help Iceland to recover from this major setback?
Does it change anything that Iceland has now, belatedly, presented a membership application to the Swedish Presidency, although the conservative power elite has hitherto maintained that the island nation would be better off outside the Union? Madame Joly, a member of the European Parliament and advisor to the special prosecutor, investigating the fall of the Icelandic banks, raises those questions for consideration in an interesting article, published 1st of August, in influential newspapers in France, the UK and Norway – as well as in Iceland. Because of her fame (some say notoriety) as a special prosecutor in the Elf-case, the biggest financial scandal of the post-war era in France, influential people listen, when Madame Joly speaks up. Her initiative in drawing the attention of the general public as well as influential persons to those issues is praiseworthy.
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