a consequence of taking part in the EU single market they need to adopt part of the Law of the European Union. Formally they would not need to fund the EU government but in practice they have opted to take on their part of financing EU institutions as required by EU law (see EEA and Norway Grants) with the financial footprint of Norway being equal to that of an EU member since 2009. Especially Norway and Iceland are known to forfeit EU membership on the basis of EU fishery regulations that they want to opt out on. Both Norway and Iceland have signed and implemented the Schengen zone agreements from the start. During the turmoils of the financial crisis, Iceland was looking into membership of the Eurozone and it did apply for EU membership in 2009. Norway has joined all EU political treaties and it has applied to EU membership multiple times but while fulfilling the requirements the membership was rejected by referendums in 1972 and 1994. This leaves Norway to be integrated into Inner Europe's institutions while not being part their governing body. x – member c – conditions to be fulfilled before joining s – unilateral adoption/participation through another state who is a member/some instruments signed, but not yet ratified o – observer Post-Brexit-vote revival of "multispeed Europe" ideas In March 2017, European Commission president Jean-Claude Juncker released a five-point view of possible courses for the EC and its to-be-27 post-Brexit members, looking forward to the year 2025. The points, among which Juncker expressed no preference, "range from standing down from policing of government financing of companies, for example, to a broader pullback that would essentially strip the EU back to being merely a single market", per one report. The updated possibilities would entail member countries or groups of countries adopting different levels of participation with the union. The EC was approaching a March meeting of the 27 members in Rome and Juncker's paper addressed the options that "once invited scorn from convinced Europhiles" and seemed maybe even to have some backing "of lifelong federalists" like the president. See also Agencies of the European Union – different examples of non-EU states participation and non-participation of some EU members Enhanced co-operation European Free Trade Association (EFTA) European integration Euroscepticism Eurosphere Federal Europe Inner Six Mechanism for Cooperation and Verification Opt-outs in the European Union Pro-Europeanism Notes References External links