The 2008 economic crisis struck particularly hard in Iceland, where banks went bust and the currency value evaporated. But a hard line both at home and abroad has helped turn things around. But can the model be copied?
Mounting debt in Greece, Italy and elsewhere in the EU are raising serious questions about the future of the single currency. Things look different in Iceland, after a grave banking crash in 2008 makes the tarnished euro still look like a shiny replacement for the volatile króna.
Although their numbers have been halved by the recent economic meltdown, Poles - who now number an estimated 10,000 - continue to be Iceland's largest ethnic minority.