Part 3/9:
Following the 2008 financial crisis, discussions ramped up regarding Iceland's full EU membership, especially as the country faced significant economic turmoil. The Social Democrats formally applied for EU membership during this challenging period, as falling currencies and financial instability created a sense of urgency. However, a pivotal roadblock emerged: fishing rights. Iceland's economy heavily relies on its fishing industry, making the idea of relinquishing control of these valuable resources unpalatable to many citizens.