Iceland decides to not join the EU

http://www.bbc.co.uk/news/world-europe-31862988

 

I did predict that one nation would abandon its application to the EU.  I wasn't thinking of Iceland at the time, But it is the first time something like this has happened.  I don't think it'll be the last.  We may see a country leave the EU, and the currency, economic entity might be abandoned and reformed to reflect the real economic realities underlying the entity.