Iceland’s newly formed government has announced plans to hold a referendum on the country’s European Union membership. The coalition, comprising the Social Democrats, Liberals, and Centrists, revealed its intent in a pre-election program released on Saturday, December 21.
The coalition pledged to base its foreign policy on “human rights, peace, respect for international law, and close cooperation with the European Union, other Nordic countries, and NATO.”
According to the coalition agreement, the referendum will take place “no later than 2027” and will determine whether Iceland should continue negotiations for EU membership.
The government also plans to commission a report from independent foreign experts to assess the pros and cons of Iceland’s national currency, the krona, and explore the country’s monetary policy options.
Both the Social Democratic Party and the Icelandic Reform Party, which are part of the coalition, have expressed strong support for Iceland joining the European Union.
