Changing currency is widely accepted as the only way for the country to move forward, but the seafood sector is opposed to EU membership because it would mean Iceland’s fisheries would come under the much-maligned Common Fisheries Policy.
The currency switch "could be achieved in four weeks," said Heidar Mar Gudjonsson, managing director of investement company Novator, in an article published on the Icelandic Federation of Fishing Vessel Owners' (LIU) website.
“It is estimated that we would need ISK 80 billion (€542 million/$697 million),” Gudjonsson said.
“The
