Iceland

“so what we're seeing in both Norway and Iceland now is a renewed debate, especially at the parliamentary level about joining for the first time, uh, the European Union.”

“But if all of a sudden NATO is led by a nation that is predatory when it comes to the Europeans on issues of resources and territory and ports in the Arctic, then all of a sudden all of the math that they have relied upon for decades has gone out the window and they need to consider new options.”

“And even though Iceland spends about 0.0% of GDP on core defense, no one seems to mind.”

“However, this situation... does create a security vulnerability. Welcome to what is called the Greenland-Iceland-U.K. gap, with Iceland notably in the center.”

“However, this situation... does create a security vulnerability. Welcome to what is called the Greenland-Iceland-U.K. gap, with Iceland notably in the center.”

“Well, the solution to the general security problem is to treat Iceland as the world’s most powerful aircraft carrier.”

“And there are discussions to bump that amount to 1.5% of GDP.”