Your optimism is laudable, but I doubt Iceland would have recovered as well if the entire world had experienced a massive financial collapse. After all, Iceland

Your optimism is laudable, but I doubt Iceland would have recovered as well if the entire world had experienced a massive financial collapse. After all, Iceland has primarily depended on tourism to prop up its economy, and there would not have been tourists if the world economy had collapsed. The Iceland example works because its such a small part of the global economy.