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Iceland 2, Poundland 1

Football apart, UK has no reason to envy Iceland


Swaha Pattanaik 

Swaha Pattanaik Iceland would be an odd model for Britain to emulate. True, it just made England look silly on the football pitch at the European Championships. But there is little point in leaving the European Union (EU) in order to copy the Nordic nation's trade ties with the bloc. These links hinge on membership of the European Economic Area, which brings together all EU countries and Iceland, Liechtenstein, and Norway. Non-EU members of this club are given access to the single market but with strings attached. Policies on certain issues, such as justice and home affairs, or economic and monetary ...

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First Published: Tue, June 28 2016. 21:32 IST