✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

Iceland opposition to submit rival EU plan - paper

Published 05/27/2009, 06:24 PM
Updated 05/27/2009, 06:32 PM
PGR
-

REYKJAVIK, May 27 (Reuters) - Iceland's parliamentary opposition parties plan to submit a joint proposal with their own conditions for opening accession talks with the European Union, an Icelandic newspaper reported on Wednesday.

The Independence Party parliamentary group has mandated its leader Bjarni Benediktsson to seek agreement with the other side of the opposition, the Progressive Party, to present a proposal in the Althing (parliament) on Thursday, the daily Morgunbladid reported on its website.

The proposal could muddy the waters for the island nation's parliament after its government on Monday presented its EU application proposal to the Althing.

The opposition wants the Althing's foreign affairs committee to play a key role in the preparations, instead of the cabinet, as suggested by the government, the report said.

Support for negotiations on EU membership, and ultimately the adoption of the euro currency, has risen following the economic meltdown that ensued after Iceland's banks collapsed under the weight of massive debts last year.

A spokesman in the prime minister's office said on Monday an EU application could be submitted as early as July. (Reporting by Omar Valdimarsson; writing by Victoria Klesty; editing by Andrew Roche)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.