Birgitta's Contemporary History of Iceland: 2007-- Most Developed Nation (according to the UN) 2008-- 3rd largest Financial Meltdown (in human history) 2009-- Put on Terrorist Watch-list (along with North-Korea) 2011-- Advertisement for IMF loans (even though Iceland never used the IMF loans) And may I add: 2009-- Awesome President (forcing a referendum by refusing to sign the bank bailout bill) 2011--? Awesome Court (upholds bank defaults so depositors get paid before bond-holders)