Iceland´s Integration Process into the European Union and Assessment of its Economic and Political Alignment with European Legislation
Iceland´s Integration Process into the European Union and Assessment of its Economic and Political Alignment with European Legislation

Summary/Abstract: This research presents the analysis of the integration process of Iceland into the European Union from the outbreak of the global financial crisis until the official withdrawal of the membership application in 2013, particularly in context of the European Commission assessment of alignment of Icelandic legislation with the EU law. Our aim was to describe the methodology of assessment the alignment of laws and point out on the main issues of integration process of Iceland into the EU. Furthermore, this paper indicates the political and economic reasons for the level of alignment of Icelandic law with the EU law supported by figures. Results of this research indicates that the limited progress in 2-years lasting negotiation process was influenced by unwillingness of political elite to align the legislation in the country, not the economical or administrational inability of doing so.

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