One thing going for them is they are not members of the EU
Iceland may want to say “No Thanks” to that application to the EU if they want to continue on their present course.
I go to Iceland quite often. There is a segment of the population that think belonging to the EU would be a good thing in that they think the costs of goods and services coming from Europe would be cheaper. Those with more insight realize that in spite of the fact that Iceland does not have her own military they would none the less have to contribute to Nato as well as face the risk of helping bail out the Greeses of Europe..I hope the wiser minds prevail.
what’s going for them is that they are not members of the Eurozone. the Eurozone is not synonymous with the EU. Being part of the EU has benefits (and disadvantages for Iceland). Being part of the Eurozone has much more disadvantages for a peripheral state like Iceland