The approval last week of a state guarantee to repay billions lost by European investors in Icelandic accounts will not win the European Union any sympathy, Icelandic sources have said.

Today, 28 May 2009 the government of Iceland is going to put forward a proposal for authority to start negotiations on membership of the European Union. If the Althingi (Parliament) grants the authority, Iceland is in “pole position” for accession due to its membership in the European Economic Area (EEA). Despite its severe economic crisis, Iceland is a stable democracy. Its Parliament...

Iceland's government submitted a proposal to parliament on 25 May to authorise the start of negotiations for membership of the European Union. Analysts say the country's accession talks could be finished in 12 months.

Prime minister and chancellor threaten legal action over any losses incurred by British citizens as banks are nationalised

Just one year after crisis-hit Iceland submitted its application to join the European Union, the bloc's foreign ministers yesterday decided that the Nordic country should start accession talks today (27 July).

The European Union told Iceland that it would not be admitted into the 27-nation bloc unless it resolved differences with the Netherlands and the UK over compensation for investors in Icesave, a failed Icelandic online bank

Iceland has agreed to repay British and Dutch government money paid to savers following the collapse of Icesave bank.

Iceland has struck a fresh deal with Britain and the Netherlands to repay nearly €4bn lost in the failed Icesave online bank after two years of diplomatic wrangling

Talk about an empty threat: Britain warned Iceland that it would be frozen out of the European Union after its President abruptly vetoed the repayment of a £3.6 billion loan. Lord Myners, the financial services minister, said that if the decision was allowed to stand Iceland would be frozen out of the international financial system and would not be able to join the European Union. So, let me get ...

European Commissioner for Enlargement Olli Rehn said earlier this month during a videoconference with Reykjavik from Oslo that the European Commission is already mentally preparing for a membership application from Iceland, and that a rapid treatment of the application could not be excluded. He mentioned specifically that the island could become a member of the European Union already before the en...