Possible Clues:

• Country could be fine country without leader
• Only NATO member with no standing army
• Country dance I organised takes place round back of hall
• Cold country home to the Blue Lagoon
• Locale of the 15-Down Eyjafjallajökull
• Provider of underground entertainment?
• Nice lad moves to cool sounding place on the north side?
• Site for the 1972 Fischer-Spassky World Chess Championship
• European country whose telephone directories list people alphabetically by first name
• *NATO's smallest member, populationwise