The fishing thing is almost 40% of our export.

We cannot even keep up with the EU-lite regulations today.

But anyways, the vote is most certainly, but close, no.

I'm not saying that Iceland should join the EU. Nor that it shouldn't. I don't live in Iceland.

I was explaining to the commenter above me that Iceland already has to comply to EU regulations, because he seemed unaware of that.

Unsurprisingly, every thread on HN that mention EU seems to attract all sorts of people that have absolutely no idea of what the hell they are talking about.

Not quite true. The ratio fluctuates with the market conditions. Figure https://sedlabanki.is/library/?itemid=d2527537-11bc-4aca-944...

Verðtryggð loans are popular when economy is hard, people can enter the real estate market.

Once things go in the opposite direction people change to Óverðtryggð lán.

To be fair it wasn’t just Iceland? It was a global crash. At least that was my perception at the time.

But we recovered from it very quickly, and is often talked about. But we had currency exchange restrictions for quite some time to fix it. It worked.

Yes. For Iceland it was different than the Mortgage crisis elsewhere. (It was currency gambling)