Iceland's President Warns Alaska On Economic Collapse

http://www.ktuu.com/news/ktuu-alaska-can-learn-from-our-economic-collapse-says-icelands-president-20110620,0,2775745.story

Despite the fact that Alaska is a state and not a nation of its own, it may have a chance to chart its own course, Grimsson said.

Alaska poised to wield increased influence as nations jockey to for power in the Arctic, which he called “the new frontier of the global economy.”

“Alaska is the United States’ place at the table when it comes to northern issues,” he said.

“I think the financial crisis has shown that those countries that base their economies on real foundations, not on financial hype, can in fact prosper much more in the coming years and decades than people thought before."