The most powerful small town in Europe once had a debt of hundreds of billions. How did it get out of trouble?

One country that once migrated with debt and relied on tourists to regain success is the magical Iceland. Now, relying on tourism, the country has transformed from a bankrupt country to an economic powerhouse. The previous financial crisis really made Iceland the first bankrupt country in the world, and the local people also discovered the business opportunities brought to them by tourism, increased the development of tourism, and appropriate investment by local residents, leading to the gradual development of Iceland's economy. has succeeded; now Iceland is no longer a debt-ridden country in our eyes, but an economic powerhouse.

1. Iceland, which was once dominated by the breeding industry, became the first bankrupt country in the world due to wrong investment

When you mention Iceland, you will think of this country’s beautiful aurora. In fact, in the early years, Iceland's tourism industry was not developed, and the country even thought that its fish farming industry was the most powerful; a financial crisis caused Iceland to become a debt-ridden country, and it even had to announce at a later stage went bankrupt. At that time, it was such a blow to the residents of Iceland. They had clearly chosen the foreign investment route but unexpectedly encountered the financial crisis. It was even more unexpected that they were completely defeated at this time.

2. Seeing the business opportunities in the tourism industry, increasing the development of tourism has led Iceland to get out of the predicament and even become an economic powerhouse

In the most difficult and turbulent days of Iceland, the local government saw Looking at the business opportunities in the tourism industry, I found that many people like the tranquility here and love the aurora here; Iceland, which vigorously promotes the tourism industry, has regained everything it had lost in just ten years. Nowadays, Iceland is no longer a debt-ridden country. Because of the development of tourism, the local economy has also developed very fast and has even become an economic power. Until now, there are still many tourists who want to go there to experience the mysterious aurora and experience the special scenery of Iceland. Features, I want to see Iceland, which has its own aura.

Iceland, which relied on tourism to get out of trouble, has indeed finally found its own path to development and become the most economically powerful country.