Iceland is pinning its hopes on the Arctic region as the eurozone remains in financial crisis . The country has been trying to attract investment from companies and banks looking for a safe haven following the collapse of Lehman Brothers Holdings Inc last week. Now , according to Grimsson , `` Iceland is better placed to benefit by maintaining our present position , rather than to let the EU speak on our behalf . '' Iceland allowed its banks to fail during its crisis , and the economy has since recovered .
Iceland is pinning its hopes on the Arctic region as the eurozone remains in financial crisis . The country has been trying to attract investment from companies and banks looking for a safe haven following the collapse of Lehman Brothers Holdings Inc last week. Iceland allowed its banks to fail during its crisis , and the economy has since recovered .