'No means no': this European country refuses to join the EU and adopt the euro as official currencyPhoto by Sıla Deniz Göktaş on Pexels
Politics
Инвестиции
Faro

'No means no': this European country refuses to join the EU and adopt the euro as official currency

Postal do Algarve31 August 2026 at 17:40

Icelanders rejected on Saturday the reopening of negotiations for a potential accession to the European Union, with 52.8% of voters voting against and 47.2% in favour. The final results were announced by Icelandic public television RÚV after the vote count concluded. The question posed to voters was straightforward: "Should Iceland reopen accession negotiations with the EU?". The referendum was consultative in nature, but Prime Minister Kristrún Frostadóttir's government had committed to respecting the voters' decision.

Iceland is not an EU member but is part of the European Economic Area and the Schengen area. The formal application was made in 2009, following a financial crisis that heavily impacted the Icelandic economy. Negotiations were ultimately suspended in 2013, after a Eurosceptic government came to power. The referendum result now again rules out the possibility of resuming that process.

Prime Minister Kristrún Frostadóttir, who voted in favour of reopening negotiations, stated after voting that she would accept a "no" victory and would not promote accession again during the current term, which ends in 2028. The referendum took place in a context marked by geopolitical changes, including the war in Ukraine and Donald Trump's statements about Greenland, which added an external dimension to the consultation beyond economic and domestic issues.

Among the most sensitive topics of a potential accession was fishing, a sector with economic weight and importance in Icelandic national identity. According to the Lusitanian news agency, 90% of the sector's companies were against accession. The EU showed openness, with Enlargement Commissioner Marta Kos stating that Iceland's specificities regarding fishing and agriculture would be carefully examined. With the "no" victory, any discussion about resuming negotiations should remain suspended for the coming years.

Related articles

Politics

PS asks for urgent hearing of the economy minister about RRP

The Socialist Party requested an urgent hearing of the Economy Minister, Pedro Reis, in Parliament on the state of execution of the Recovery and Resilience Plan (RRP). Although the party recognizes compliance with the European commitments assumed by Portugal, the social democrats warn about several problems, namely projects to be completed in the areas of health, housing and social equipment, as well as situations of promoters who have not yet received the payments due. The initiative aims to clarify the executive about the obstacles in the execution of the plan and the corrective measures planned.

Observador31/08/26, 19:15
Politics

Benfica-Estoril. Marco Silva doesn't change

Benfica hosts Estoril at the Estádio da Luz, tonight at 8:15 PM, seeking their fourth consecutive victory across all competitions, maintaining their good form in both the Championship and the Europa League. Manager Marco Silva made no changes to the starting eleven compared to recent games, while João Palhinha returned to the squad list and is an option for the match.

Observador31/08/26, 19:15
Politics

Portugal buys 75 armored vehicles from Spain for 120 million euros

Portugal and Spain signed an agreement for the purchase of 75 armored light vehicles worth 120 million euros, to equip the Portuguese Navy's marine corps. The acquisition falls under the Security Action for Europe (SAFE) instrument.

Euronews Portugal31/08/26, 19:02
Politics

Miguel Costa Matos and the Miseries of Progress

Alberto Gonçalves comments on the creation of the Progress Institute, an initiative by socialist Miguel Costa Matos that brings together subscribers from various Portuguese political parties, from the PSD to Livre, in a kind of suprapartisan platform that aims to debate and promote progress in Portugal.

Observador31/08/26, 18:58