Iceland to join EU by 2011?

Grauniad reports Iceland to be fast tracked for EU membership.
We'll see, public could swing either way on the issue in the interval.
Real problem is the fish. If the grounds are opened to EU vessels and Iceland loses control of the catch allotment, then the fish will all die.

Yup, this has hit the Icelandic papers also.
Current spin is how good it'd be for the EU - as good as finding a whale...

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As good as finding a whale?

Is this a common phrase I've missed out on? (Along with the rest of the internet.)