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agreed-ish. Short-term gain for long-term pain?
Then again, it's pretty dependant/has much and intricate economic relations with the EU bloc anyway so not sure it matters much trying to stay outside
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I'd wait a decade, see what happens with the classic liberal void. If Italy fills it, fine, then there may be balance after all.
If that doesn't happen, then joining means you get to participate in doing what the Germans and French think you should do. So unless it's a bailout, I would stay far away. Keep the economic treaties and Schengen - those were the things that started the entire concept in the first place (i.e. Benelux.) The rest is imperialism from underperforming large states that mostly just want influence.
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The EU is dead... I wouldn't recommend a country like Iceland join it... it would be its downfall, really.