The New Security Math in Reykjavík
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TL;DR
- Iceland to vote on resuming EU membership talks.
- Talks were suspended more than a decade ago.
- Decision is not mainly economic.
- Iceland is part of the European Economic Area, gaining major economic benefits.
- EEA membership allows free movement of goods, services, capital, and people.
- Iceland retains control of its currency and has wider policy discretion than as an EU member.