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The Icesave disputes and associated referendums sparked a nationalist backlash in Iceland, [2] which some scholars have attributed as a factor in reducing support in Iceland for EU accession. [3] The Icesave bill 1 was the first negotiated loan agreement, attempting to define the repayment terms for these two loans. It was enacted on 2 ...
Conflict with the United Kingdom led to a series of so-called Cod Wars, which included confrontations between the Icelandic Coast Guard and the Royal Navy over British fishermen: in 1952–1956 due to the extension of Iceland's fishing zone from 3 to 4 nmi (5.6 to 7.4 km; 3.5 to 4.6 mi), in 1958–1961 following a further extension to 12 nmi ...
Iceland became a full European Free Trade Association member in 1970 and entered into a free trade agreement with the European Community in 1973. Under the agreement on a European Economic Area , effective January 1, 1994, there is basically free cross-border movement of capital , labor , goods , and services between Iceland, Norway , and the ...
[2] [3] The referendum was held under article 26 of the Constitution of Iceland after President Ólafur Ragnar Grímsson refused to counter-sign the corresponding Act of Parliament (known as the second Icesave bill) into law on 5 January 2010. [4] The proposal was resoundingly defeated, with 98% voting against and less than 2% in favor.
Iceland is a member of the European Free Trade Association (EFTA), a grouping of four non-EU European countries, and is also part of the European Economic Area (EEA). Through the EEA, Iceland participates with a non-voting status in certain EU agencies and programmes, including enterprise, environment, education (including the Erasmus Programme ...
In 2016, 71.6% of the population belonged to the state church (the Evangelical Lutheran Church of Iceland), approximately 5% in free churches, 3.7% to the Roman Catholic Church, approximately 1% to the Ásatrúarfélagið (a legally recognized revival of the pre-Christian religion of Iceland), approximately 1% to Zuism, 8% in unrecognized or ...
[2]: 365, 368 As of 2019 this was down to 10%. [3]: 2 Okjökull in Borgarfjörður, West Iceland, has lost its glacier title and is now simply known as Ok, losing the Icelandic word for glacier, jökull, as a suffix. In order to fit the criteria glaciers need to be thick enough to sink and move under their own weight, which any ice remaining of ...
On 1 December 1918, Iceland became a sovereign country, the Kingdom of Iceland, in personal union with the Crown of Denmark. By the 1920s and 1930s, most of the growing Icelandic fishing trawler fleet sailed from Reykjavík; cod production was its main industry, but the Great Depression hit Reykjavík hard with unemployment , and labour union ...