Iceland to Decide EU Membership in Historic Referendum

Iceland is holding a referendum on whether to join the European Union after years of debate.

The country, which is already part of the EU's single market and Schengen free-travel zone through its membership in NATO, has been weighing the pros and cons of full EU membership.

Some Icelanders fear that joining the EU would erode their sovereignty and allow European fishing vessels to encroach on their waters. The country's rich fisheries are a key concern, with many Icelanders opposing any deal that would compromise their control over these resources.

However, others argue that EU membership would provide economic benefits such as lower interest rates and inflation, as well as greater stability in the face of geopolitical uncertainty.