Iceland drops EU membership bid

"Iceland has announced it is dropping its bid to join the European Union in line with pledges made two years ago by its then-new eurosceptic government.
Iceland first applied for EU membership in 2009 but its foreign minister, Gunnar Bragi Sveinsson, said in a statement that the centre-right government had informed current EU president Latvia and the European Commission of its decision to annul the application. “Iceland’s interests are better served outside the European Union,” the minister wrote on his website. (...)"
The Guardian