A little side story on the BBC News website mentions that Iceland has dropped it's bid to become a member of the European Union. I seem to remember their panicky and wrong headed application to join at the height of the financial crisis received a lot more attention. And what's more, the European Union don't even seem to have decided to blockade their ports or invade the island nation.
So what does Iceland, with a population roughly the same as Northumberland and little to export besides fish, have that the 64 million strong UK with the 6th largest economy in the world doesn't have, that makes us too small to survive outside of the failure that is the EU?
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