It is now up to the EU to negotiate terms. I say hit 'em while they're down. My list of demands of puny Iceland:

- Higher education on the island of Iceland must be forbidden. Instead, it will be cumpulsory for all women aged 18-24 to spend these years abroad for their adult education.
- Meanwhile all Icelandic men aged 18-24 must perform compulsory military service in Iceland and do something useful involving ice caps or polar bears or something.
- An end to whaling.
- A treaty that finally settles all territorial disputes with the UK, involving a public statement by Elisabeth II that the Royal Navy was defeated by Iceland.
- Agriculture will not be subsidized. Subsidized agriculture in Iceland is as sensible as subsidized skiing resorts in Sicily.
- Iceland must agree to the following stimulus package and economic restruturing: the EU in Brussels and Strasbourg will need interpreters from Old Norse to and from the other twenty-odd official languages of the EU. This will permanently employ half of the Icelandic working population.