Iceland is the only nation that punished its bankers for their misdeeds, and it’s bounced back from 2008 in very good shape. They still have a strong industrial

Iceland is the only nation that punished its bankers for their misdeeds, and it’s bounced back from 2008 in very good shape. They still have a strong industrial base thanks to massive hydropower investments, and their people (who are fairly well educated) retain control over their government, which seems more democratically responsive than other European governments. Their strategic location (GIUK gap) also gives them a lot of negotiation leverage. I’d say they are doing pretty well.