Wednesday, 15 June 2016

Reuters: In Greenland, some suggest the unthinkable - rejoin the EU

Reuters: In Greenland, some suggest the unthinkable - rejoin the EU

by Alister Doyle

Three decades after Greenland exited what is now the European Union, some of its politicians and business leaders say the vast Arctic territory should consider rejoining because of its slowness to diversify the economy away from fish.

Britain's referendum on June 23 about whether to stay in or quit the EU has revived debate about the future of Greenland, which in 1985 became the only member so far to leave after a 53-47 percent referendum vote.

A collapse in global commodity prices has put on hold Greenland's hopes of enticing billions of dollars of foreign investment from China and other nations to bolster its economy with projects such as in gold, rare earths, iron ore and oil.

"We should at least look into the option of rejoining," said Michael Rosing, a member of parliament for the Democrats, a junior member of the ruling coalition with four of 31 seats in parliament.

Rosing said EU membership might be the best way to entice investment, for instance in infrastructure for ports and airports, as a step towards diversifying the fish-dependent economy of 56,000 people.


Not to encouraging for the Brexit crowd?

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