Iceland economy grows at fastest pace in four years: http://www.reuters.com/article/2012/06/08/us-iceland-gdp-idUSBRE8570UA20120608
I guess that once you throw the big banks out and declare a jubilee you can get back to productive business. This generation of Icelanders will not let themselves be hoodwinked again. I find it interesting that the article does not discuss the jubilee at all. It gives all the credit to the IMF.