Sure, but in a lot of matters where Iceland can make a decision, it can be effected by relatively small numbers of people, something I like very much.

So basically like how an independent Scotland or England+Wales would interact with the EU, not a post-Brexit UK.

No, I think the point may have been missed - I envy the small size of their democracies and how they are able toneffect change as a result, not their interactions with the EU that stifle the ability of these populations to make change.

E.g. Switzerland's recent attempts to curtail freedom of movement.