If you are only doing theory and sim there is no reason for going to Iceland. Try do the theory with Copenhagen Air Taxi or do it with Bristol Ground School or Oxford in the UK. I can recommend you to buy access to Bristol Ground School's question data bank, as it is one of the best out there.
Oxford Aviation Academy have A320 sims in Stockholm, London Gatwick and Heathrow.
Also keep a look at Swedish Moose which is just starting up and currently looking for Line Training Captains, if you qualify for that. I have not heard if they are going to hire FOs.