Iceland has rejected the negotiations to join the EU, highlighting a loss of appeal from the European project.
Iceland's population has backed economic integration with Europe, but without full membership in the Union.
Aspects of self-government, such as fishery resource management, have been more important to Icelandic citizens than abstract arguments about European integration.
Iceland will continue to be linked to the European market, but outside the institutions that make decisions.
This situation demonstrates that economic integration does not necessarily lead to political integration.
The impossibility of Iceland's accession has a geopolitical dimension for the Union, as the Arctic is a valuable strategic place in dispute between major powers such as Russia, the US and China.
Conclusion: Iceland's decision reinforces the idea that economic arguments are not always sufficient to drive political integration and weakens the European Union's strategic presence in the Arctic.