The economic crisis in Iceland has left deep wounds. So deep that the government is going ahead with the parliamentary process to submit Iceland's application to the EU.
On 9 July 2009 the Foreign Affairs agreed recommending Iceland's assembly (the Althingi) to apply for EU membership.
The debate in plenary is, at the time of writing this post, still ongoing.
Is this the end of Iceland as one of the champions of the "Friends of Fish" (group of countries that would like to have the broadest possible ban on fisheries subsides at the WTO)?
Here is a link to a press article on Iceland's EU membership application.